The Gold Book

Home state law (New York) should govern if the rules for safe deposit boxes are contained in the banking law framework of that state. If the safe deposit box laws are part of some other statutory scheme, then one might be able to argue that this is a consumer portection law that should be adhered to under host state (New Jersey) law. If the institution in New Jersey were a separately chartered bank division of a New York bank holding company, then New Jersey law should apply.