Alabama Statutes

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

Alabama § 5-5A-31

JurisdictionAlabama

Title 5Banks and Financial Institutions

Ch. 5AOrganization and Operation of Banks

This text of Alabama § 5-5A-31 (Liability for Transactions on Legal Holidays) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 5-5A-31 (2026).

Text

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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Legislative History

(Acts 1980, No. 80-658, §5-5-31.)

Nearby Sections

15

§ 5-10A-1

Authorization or Direction of Banks to Postpone Paying Liabilities, Segregate Deposits and Assets, Renew Loans, Etc

§ 5-10A-10

Segregation of Assets - Commingling of Items in Classes of Deposits

§ 5-10A-11

Segregation of Assets - Adjustments; Identification of Segregated Items

§ 5-10A-12

Discharge of Deposits of Script, Clearinghouse Certificates or Emergency Currency

§ 5-10A-13

Issuance and Reissuance of Script, Clearinghouse Certificates or Emergency Currency

§ 5-10A-14

Issuance of Notes or Certificates of Indebtedness as Evidence of Compensation for Services or Labor During Banking Emergency

§ 5-10A-15

Authorization and Approval of Reorganization of Bank Without Receivership Liquidation

§ 5-10A-16

Compliance with Chapter, Federal Laws, Etc., Not to Entail Liability

§ 5-10A-17

Officers Not to Incur Liability or Penalties for Compliance with Orders of Superintendent, Federal Laws, Etc

§ 5-10A-2

Promulgation of Rules and Regulations; Requirements of Reports, Etc., Generally

§ 5-10A-3

Declaration of Banking Holidays; Promulgation of Emergency Rules or Regulations

§ 5-10A-4

Extension, Etc., of Banking Holiday or Emergency Rules or Regulations

§ 5-10A-5

Sections 5-10A-1 through 5-10A-4 Applicable Only in Emergencies; Duration of Emergency Action

§ 5-10A-6

Operation of Banks Under Federal Laws

§ 5-10A-7

Payment of Expenses of Bank Operating Without Receivership Liquidation

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Bluebook (online)

Alabama § 5-5A-31, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/5-5A-31.