17:12B-46.8 - Effect of emergency closing - New Jersey Statutes

17:12B-46.8.  Effect of emergency closing
    No association shall be liable to any person for any direct or indirect loss  suffered by such person by reason of the association's closing one or more or  all of its offices pursuant to the provisions of this act.  Where an obligation  becomes payable to an association through an office closed as herein provided,  or where an association is required to pay an obligation through an office  which has been closed as herein provided, such obligation shall be deemed to be  payable to or by the association on the day upon which the association reopens  such office.  An association may, however, designate another of its offices to  transact business normally transacted at a closed office until such time as the  closed office is reopened.

     L.1968, c. 150, s. 8, eff. July 12, 1968.