Alabama Code (Last Updated: November 28, 2014) |
Title5 BANKS AND FINANCIAL INSTITUTIONS. |
Chapter5A. ORGANIZATION AND OPERATION OF BANKS. |
§5-5A-31. Liability for transactions on legal holidays.
Latest version.
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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.