2005 Minnesota Statutes - 47.0155 — Effect of closing.

     47.0155 Effect of closing.  


    Any day on which a financial institution, or any of its 
 offices, is closed during all or part of its normal business 
 hours pursuant to sections 47.0151 to 47.0155 shall be, with 
 respect to the financial institution or, if not all of its 
 offices are closed, then with respect to the office which is 
 closed, a legal holiday for all purposes with respect to any 
 financial institution business of any character.  No liability, 
 or loss of rights of any kind, on the part of any financial 
 institution, or director, officer, or employee thereof, shall 
 accrue or result by virtue of any closing authorized by sections 
 47.0151 to 47.0155.  


    The provisions of sections 47.0151 to 47.0155 shall be 
 construed and applied as being in addition to, and not in 
 substitution for or limitation of, any other law of this state 
 or of the United States, authorizing the closing of a financial 
 institution or excusing the delay by a financial institution in 
 the performance of its duties and obligations because of 
 emergencies or conditions beyond the financial institution's 
 control, or otherwise.  


    HIST: 1971 c 318 s 5