9-516.Same; powers of bank officers.
(a) Whenever the officers of a bank are of the opinion that an emergency
exists, or is impending, which affects, or may affect, a bank's offices,
they shall have the authority, in the reasonable and proper exercise of
their discretion, to determine not to open such offices on any business or
banking day or, if having opened, to close such offices during the
continuation of such emergency. The offices so closed shall remain closed
until such time as the officers determine that the emergency has ended, and
for such further time thereafter as may reasonably be required to reopen;
however, in no case shall such offices remain closed for more than
forty-eight (48) consecutive hours, excluding other legal holidays, without
requesting and obtaining the approval of the commissioner.
(b) The officers of a bank may close the bank's offices on any day or
days designated by proclamation of the president of the United States or
the governor or legislature of this state, as a day or days of mourning,
rejoicing or other special observance, and on such other day or days of
local special observance as in the reasonable and proper exercise of their
discretion they feel the bank should observe.
History: L. 1971, ch. 35, § 3; L. 1975, ch. 44, § 4; July 1.
9-516.Same; powers of bank officers.
(a) Whenever the officers of a bank are of the opinion that an emergency
exists, or is impending, which affects, or may affect, a bank's offices,
they shall have the authority, in the reasonable and proper exercise of
their discretion, to determine not to open such offices on any business or
banking day or, if having opened, to close such offices during the
continuation of such emergency. The offices so closed shall remain closed
until such time as the officers determine that the emergency has ended, and
for such further time thereafter as may reasonably be required to reopen;
however, in no case shall such offices remain closed for more than
forty-eight (48) consecutive hours, excluding other legal holidays, without
requesting and obtaining the approval of the commissioner.
(b) The officers of a bank may close the bank's offices on any day or
days designated by proclamation of the president of the United States or
the governor or legislature of this state, as a day or days of mourning,
rejoicing or other special observance, and on such other day or days of
local special observance as in the reasonable and proper exercise of their
discretion they feel the bank should observe.
History: L. 1971, ch. 35, § 3; L. 1975, ch. 44, § 4; July 1.
9-516.Same; powers of bank officers.
(a) Whenever the officers of a bank are of the opinion that an emergency
exists, or is impending, which affects, or may affect, a bank's offices,
they shall have the authority, in the reasonable and proper exercise of
their discretion, to determine not to open such offices on any business or
banking day or, if having opened, to close such offices during the
continuation of such emergency. The offices so closed shall remain closed
until such time as the officers determine that the emergency has ended, and
for such further time thereafter as may reasonably be required to reopen;
however, in no case shall such offices remain closed for more than
forty-eight (48) consecutive hours, excluding other legal holidays, without
requesting and obtaining the approval of the commissioner.
(b) The officers of a bank may close the bank's offices on any day or
days designated by proclamation of the president of the United States or
the governor or legislature of this state, as a day or days of mourning,
rejoicing or other special observance, and on such other day or days of
local special observance as in the reasonable and proper exercise of their
discretion they feel the bank should observe.
History: L. 1971, ch. 35, § 3; L. 1975, ch. 44, § 4; July 1.