Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-5A-31 - Liability for transactions on legal holidays

Section 5-5A-31 - Liability for transactions on legal holidays.

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.

(Acts 1980, No. 80-658, §5-5-31.)

Last modified: May 3, 2021