§ 11-105-103 — Saturday closing - notice - effect

Colorado § 11-105-103

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Banking Practices

Text

Any state bank or trust
company, national banking association, or federal reserve bank may, by brief
notation on its front door, fully dispense with, or restrict to such extent as it may
determine, the hours within which it will be open for business on all, or less than all,
Saturdays. However, the fact that a bank remains open for business on all, or less
than all, Saturdays shall not make that day, or any part thereof, a banking day for
the purposes of section 4-4-104 (a)(3), C.R.S., of the Uniform Commercial Code.
Any plan so adopted by any such organization may be changed by it from time to
time in its discretion. Every Saturday on which any such state bank, national
banking association, or federal reserve bank, in observance of such notation, is not
open for business shall be, with respect to the particular organization, the
equivalent of a legal holiday, as specified in section 24-11-101, C.R.S. Any act
authorized, required, or permitted to be performed at, by, or with respect to such
organization on a Saturday that is for it a holiday may be performed on the next
succeeding business day, notwithstanding the provisions of any other law of this
state to the contrary, and no liability or loss of right of any kind shall result from
such delay. The provisions of this section shall not operate to invalidate or prohibit
the doing on any Saturday of any such act by any person or organization referred to
in this section.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1114, � 3, effective July 1.