2006 Minnesota Statutes

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.
History: 1971 c 318 s 5