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2019 Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 5A - Organization and Operation of Banks.
Section 5-5A-31 - Liability for transactions on legal holidays.
Universal Citation: AL Code § 5-5A-31 (2019)
Section 5-5A-31Liability 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.)
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