Alabama Statutes

§ 5-5A-31 — Liability for Transactions on Legal Holidays

Alabama·Title 5 Banks and Financial Institutions·Ch. 5A Organization and Operation of Banks
A bank shall be liable for and chargeable with deposits received and other business transacted on a legal holiday the same as if such deposit were received or business transacted on a legal banking day and shall have the same protection for payment of checks or sight drafts and business on a holiday that it would have if such payments were made and such transactions had on a legal banking day.

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Alabama § 5-5A-31 (Liability for Transactions on Legal Holidays) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Acts 1980, No. 80-658, §5-5-31.)

Nearby Sections

15
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