9-1122.Closing one business day a week; change in hours; notice.
(a) Any bank or trust company may remain closed on any one business day of
every week or may make a permanent change in bank hours of business, upon
the adoption by its board of directors of a resolution
authorizing the same to be done, and the posting of the resolution
in a
conspicuous place within the bank or trust company premises at least 15 days in
advance of any such closing or change in
hours. Thereafter, the bank or
trust company may remain closed on the business day of every week
designated in the resolution, or may operate under the changed
bank hours designated in the resolution, and the resolution and
the posting thereof
shall control until the same be repealed or amended by subsequent
resolution which shall require the same procedure in order to be effective. If
the business day designated in any resolution regarding closing is a legal
public
holiday, the bank or trust company may
close on the business day preceding or following the legal public
holiday.
Should a legal public holiday fall on Sunday, any bank or trust company
may close on the next preceding or following business day.
(b) Every day on which any bank or trust company shall remain closed
pursuant to this act shall be deemed a holiday for all of the purposes of
chapter 84 of the Kansas Statutes Annotated, and amendments thereto, and with respect to any
banking business
of any character.
No bank or trust company shall be required to permit access to its
safe, deposit vault or vaults on any such day. Where a contract by its
terms
requires the payment of money or the performance of a condition on any such
day by, through, with or at any bank or trust company, then
the payment may be made or condition performed on the next business day
with
the same force and effect as if made or performed in accordance with the
terms of the contract. No liability or loss of rights of any kind
shall
result from the delay.
(c) The posting of the notice provided for in this
section shall be
notice to everyone of the closing or change in hours of the
bank or trust company, and
thereafter no liability shall be incurred by the bank or trust
company by
reason of closing or changing the bank hours pursuant to this act.
History: L. 1951, ch. 125, § 1; L. 1971, ch. 33, §
1;
L. 1996, ch. 175, § 13; Apr. 25.
9-1122.Closing one business day a week; change in hours; notice.
(a) Any bank or trust company may remain closed on any one business day of
every week or may make a permanent change in bank hours of business, upon
the adoption by its board of directors of a resolution
authorizing the same to be done, and the posting of the resolution
in a
conspicuous place within the bank or trust company premises at least 15 days in
advance of any such closing or change in
hours. Thereafter, the bank or
trust company may remain closed on the business day of every week
designated in the resolution, or may operate under the changed
bank hours designated in the resolution, and the resolution and
the posting thereof
shall control until the same be repealed or amended by subsequent
resolution which shall require the same procedure in order to be effective. If
the business day designated in any resolution regarding closing is a legal
public
holiday, the bank or trust company may
close on the business day preceding or following the legal public
holiday.
Should a legal public holiday fall on Sunday, any bank or trust company
may close on the next preceding or following business day.
(b) Every day on which any bank or trust company shall remain closed
pursuant to this act shall be deemed a holiday for all of the purposes of
chapter 84 of the Kansas Statutes Annotated, and amendments thereto, and with respect to any
banking business
of any character.
No bank or trust company shall be required to permit access to its
safe, deposit vault or vaults on any such day. Where a contract by its
terms
requires the payment of money or the performance of a condition on any such
day by, through, with or at any bank or trust company, then
the payment may be made or condition performed on the next business day
with
the same force and effect as if made or performed in accordance with the
terms of the contract. No liability or loss of rights of any kind
shall
result from the delay.
(c) The posting of the notice provided for in this
section shall be
notice to everyone of the closing or change in hours of the
bank or trust company, and
thereafter no liability shall be incurred by the bank or trust
company by
reason of closing or changing the bank hours pursuant to this act.
History: L. 1951, ch. 125, § 1; L. 1971, ch. 33, §
1;
L. 1996, ch. 175, § 13; Apr. 25.
9-1122.Closing one business day a week; change in hours; notice.
(a) Any bank or trust company may remain closed on any one business day of
every week or may make a permanent change in bank hours of business, upon
the adoption by its board of directors of a resolution
authorizing the same to be done, and the posting of the resolution
in a
conspicuous place within the bank or trust company premises at least 15 days in
advance of any such closing or change in
hours. Thereafter, the bank or
trust company may remain closed on the business day of every week
designated in the resolution, or may operate under the changed
bank hours designated in the resolution, and the resolution and
the posting thereof
shall control until the same be repealed or amended by subsequent
resolution which shall require the same procedure in order to be effective. If
the business day designated in any resolution regarding closing is a legal
public
holiday, the bank or trust company may
close on the business day preceding or following the legal public
holiday.
Should a legal public holiday fall on Sunday, any bank or trust company
may close on the next preceding or following business day.
(b) Every day on which any bank or trust company shall remain closed
pursuant to this act shall be deemed a holiday for all of the purposes of
chapter 84 of the Kansas Statutes Annotated, and amendments thereto, and with respect to any
banking business
of any character.
No bank or trust company shall be required to permit access to its
safe, deposit vault or vaults on any such day. Where a contract by its
terms
requires the payment of money or the performance of a condition on any such
day by, through, with or at any bank or trust company, then
the payment may be made or condition performed on the next business day
with
the same force and effect as if made or performed in accordance with the
terms of the contract. No liability or loss of rights of any kind
shall
result from the delay.
(c) The posting of the notice provided for in this
section shall be
notice to everyone of the closing or change in hours of the
bank or trust company, and
thereafter no liability shall be incurred by the bank or trust
company by
reason of closing or changing the bank hours pursuant to this act.
History: L. 1951, ch. 125, § 1; L. 1971, ch. 33, §
1;
L. 1996, ch. 175, § 13; Apr. 25.