1999 Minnesota Statutes

     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. 

    HIST: 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