§ 11203. Special hours
In addition to the hours of each banking day under subsection 11202(a) of this title, a Vermont or state depository institution may have special hours on banking or other than banking days when it is open in a limited capacity for certain definite and stated transactions or purposes only, constituting substantially less than all of its banking functions. A copy of such schedule of special hours shall be filed with the commissioner. The payment, certification, or acceptance of a check or other negotiable instrument, or any other transaction by such financial institution shall be valid, notwithstanding it was done or performed during such special hours on other than a banking day. A Vermont or State depository institution with special hours on other than a banking day shall not constitute such day a “banking day,” for the purpose of notice, presentment, protest, notice of protest, or the time requirements for any act or action or notice to perfect or preserve rights accorded under 9A V.S.A. article 4. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 201 - Supervision; Definitions
§ 11205. Emergency closing by financial institution
§ 11301. Preservation of records
§ 11404. Reports required under consumer protection chapter
§ 11405. Exemption from annual report to Secretary of State
§ 11502. Confidentiality of investigation and examination reports
§ 11503. Examinations by federal regulatory agencies; departmental participation
§ 11504. Examinations; cooperative agreements
§ 11505. Cooperative and other agreements
§ 11601. Enforcement powers of Commissioner
§ 11602. Power of Commissioner to impose corrective action
§ 11605. Commissioner’s coordination of enforcement and corrective action with home state
§ 11701. Application of subchapter
§ 11703. Hearings on applications; decisions; general good standard