Financial Institutions

Banking Emergencies

SECTION 19-13-5

§ 19-13-5. Bank holidays.

The director is further authorized to declare bank holidays with respect to any or all activities of any regulated institutions, whenever in the director's judgment a declaration is required by the public interest. A bank holiday declared by the director under this section shall have the same effect, with respect to banking activities, as the appointment or proclamation of a legal holiday under the provisions of § 25-1-1.

History of Section.
(P.L. 1995, ch. 82, § 51.)