Texas Finance Code - Section 37.004. Effect Of Closing
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Texas Lawyer > Finance Code > Texas Finance Code - Section 37.004. Effect Of Closing
§ 37.004. EFFECT OF CLOSING. (a) A day on which a bank or
one or more of its operations is closed during its normal banking
hours as provided by this chapter is a legal holiday for all
purposes with respect to any banking business affected by the
closed bank or bank operation.
(b) A bank or a director, manager, managing participant,
officer, or employee of a bank does not incur liability or loss of
rights because of a closing authorized by this chapter.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 36.311 36.312 36.313 36.314 37.001 37.002 37.003 37.004 37.005 37.006 59.001 59.002 59.003 59.004 59.005
Last modified: August 10, 2007
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