47.015 CLOSING ON CERTAIN DAYS.
Subdivision 1. Financial institutions.
As used in this section the term "financial institution"
shall include banks, trust companies, banks and trust companies, savings banks, industrial loan
and thrift companies having outstanding certificates of indebtedness for investment, savings
associations, national banking associations, Federal Reserve banks, federal savings associations,
and federal savings banks doing business in this state, and includes any branch or detached
facility of any of them.
Subd. 2. Saturday; Monday following holiday.
Any financial institution in the state may
remain closed on any Saturday and on any Monday next following a Sunday on which falls a
holiday designated by any law of this state. Any Saturday or any Monday on which any financial
institution remains closed is a holiday and not a business day with respect to that institution. Any
act which by law or contract may be performed on any such Saturday or Monday, at, by, or with
respect to any such financial institution remaining closed on such day may be performed on the
next succeeding regular business day. No liability or loss of rights on the part of any person or
financial institution shall result from such closing.
Subd. 3. May remain open on Mondays or holidays.
Any financial institution in the
state may remain open for the transaction of business on any such Monday or on any holiday
designated by any law of this state, and on any such day any financial institution in this state
may accept, certify or pay checks, drafts or other instruments, may charge the same against the
accounts of customers, and may receive payment of notes, drafts and other instruments, all to the
same extent and with the same legal effect as if such day were a regular business day, but nothing
herein contained shall affect the due date of any time instrument.
Subd. 4. Permissive closing on Good Friday.
A financial institution may close for up to
three hours on Good Friday. The financial institution shall post on its premises a written notice
of the closing.
Subd. 5. Permissive closing on December 24 or 31.
A financial institution may close at
noon on December 24 or on December 31. The financial institution shall post on its premises a
written notice of the closing.
History: 1949 c 38 s 1; 1951 c 128 s 1; 1953 c 61 s 1; 1953 c 445 s 1; 1955 c 9 s 1; 1955 c
202 s 1; 1955 c 229 s 1; 1955 c 631 s 1; 1955 c 787 s 1; 1981 c 220 s 5; 1Sp1985 c 13 s 178;
1989 c 166 s 2; 1992 c 587 art 1 s 6; 1995 c 171 s 6; 2003 c 51 s 3