§ 11201 - Business days - Vermont Statutes

§ 11201. Business days

(a) For purposes of this title, unless otherwise provided under other state or federal law applicable to a Vermont or state financial institution which is a depository institution, a business day is a calendar day other than the following:

(1) Saturday and Sunday;

January 1, New Year's Day;

The 3rd Monday in January, Martin Luther King, Jr. Day;

February 12, Lincoln's birthday;

The 3rd Monday in February, President's Day;

The first Tuesday in March, Town Meeting Day;

The last Monday in May, Memorial Day, but if the United States government designates May 30 as the date of observance of Memorial Day, then May 30;

July 4, Independence Day;

August 16, Bennington Battle Day;

The first Monday in September, Labor Day;

The 2nd Monday in October, Columbus Day;

November 11, Veterans' Day;

The 4th Thursday in November, Thanksgiving Day; and

December 25, Christmas Day.

(2) A legal holiday which falls on a Saturday may be observed on the preceding Friday and a legal holiday which falls on a Sunday may be observed on the following Monday.

(b) A Vermont financial institution may choose to remain open or to close any of its banking offices on any of the days enumerated in subsection (a) of this section. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)