6.1-5.4 - (Repealed effective October 1, 2010) Saturday closing of banks. - Virginia Statutes

§ 6.1-5.4. (Repealed effective October 1, 2010) Saturday closing of banks.

It shall be lawful for any bank as defined in § 6.1-4, including nationalbanking associations and federal reserve banks, to permit any one or more orall of its offices to remain closed on any one or more or all Saturdays, asthe bank, by resolution of its board of directors, may from time to timedetermine. Any Saturday on which an office of a bank remains closed, asherein permitted, shall constitute a legal holiday as to such office, and anyact authorized, required or permitted to be performed at, by or with respectto any such office on a Saturday on which the office is so closed, may beperformed on the next succeeding business day and no liability or loss ofrights of any kind shall result from such delay.

(Code 1950, § 2-20.1; 1952, c. 56; 1954, c. 273; 1956, cc. 38, 108, 366;1958, c. 103; 1959, Ex. Sess., cc. 11, 65, 66; 1960, cc. 24, 588; 1962, c. 2;1966, c. 677, § 2.1-23; 2001, c. 844.)