9-518.   Same; effect of closing; act in addition to other laws.Any day on which a bank is closed during all or any part of its normalbanking hours pursuant to the authorization granted under this act shallbe, with respect to such bank, a legal holiday for all purposes withrespect to any banking business of any character. No liability, or loss ofrights of any kind, on the part of any bank, or director, officer, oremployee thereof, shall accrue or result by virtue of any closingauthorized by this act.

      The provisions of this act shall be construed and applied as being inaddition to, and not in substitution for or limitation of, any other law ofthis state or of the United States, authorizing the closing of a bank orexcusing the delay by a bank in the performance of its duties andobligations because of emergencies or conditions beyond the bank's controlor otherwise.

      History:   L. 1971, ch. 35, § 5; July 1.