§ 11201. Business days (a)(1) For purposes of this title, unless otherwise provided under other state or federal law applicable to a Vermont or state financial institution that is a depository institution, a business day is a calendar day other than the following: (A) Saturday and Sunday; (B) New Year’s Day, January 1; (C) Martin […]
§ 11202. Banking day (a) Each Vermont and state depository institution shall be open not less than five banking days each week, except for the days enumerated in subsection 11201(a) of this title, or except as otherwise provided in this chapter. (b) In addition to the hours of each banking day established by an institution […]
§ 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 […]
§ 11204. Closing for cause A Vermont or State depository institution may temporarily close any of its offices for reasons that include good cause, extreme weather conditions, and community events. If a Vermont or State depository institution temporarily closes any of its offices for all or any part of a banking day, the institution shall […]
§ 11205. Emergency closing by financial institution (a) If an emergency arises or is so imminent and immediate as to interfere with or threaten the conduct of normal banking transactions or the safety and welfare of a Vermont or State depository institution’s plant, assets, or personnel, the financial institution officer or official in charge of […]
