O.C.G.A.

O.C.G.A. § 7-1-294 (2019)

Transaction of business on holidays and outside of banking hours

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(a) Notwithstanding any existing provisions of law relative to the time of maturity or presentment of negotiable instruments, any financial institution doing business in this state may, at its option, outside of regular banking hours on any day, or at any time on a day which is in whole or in part a holiday, pay, certify, or accept negotiable or nonnegotiable instruments including a demand instrument dated on the holiday on which it is presented for payment, certification, or acceptance and transact any other business which would be valid if done on a business day during regular banking hours. (b) Nothing in this Code section shall require any financial institution which remains open for business on all or a part of any holiday to do or perform any act on that day in its capacity as a collection agent which would not be required of it if it were closed on such holiday or part holiday.

History

Code 1933, § 14-1809.2, enacted by Ga. L. 1949, p. 352, § 1; Ga. L. 2017, p. 193, § 7/HB 143.

Annotations

Cross references. Public, legal and religious holidays, §§ 1-4-1, 1-4-2. Definition of “banking day” for purposes

of the Uniform § 11-4-104.

FINANCIAL INSTITUTIONS Commercial

Code,

RESEARCH REFERENCES ALR. Power of municipal corporation to legislate as to Sunday observance, 37 A.L.R. 575. Power to extend Sunday observance laws beyond Sunday hours, 50 A.L.R. 628.

Legal aspects and consequences of declaration of “bank holiday”, 95 A.L.R. 934. Validity, construction, and effect of “Sunday closing” or “blue” laws - modern status, 10 A.L.R.4th 246.

Notes of Decisions
Cited in 1 case, 1985–1985 · leading case: Bd. of Zoning Adjustment v. Fulton Fed. Sav. & Loan Ass'n, 338 S.E.2d 730 (Ga. Ct. App. 1985).
Bd. of Zoning Adjustment v. Fulton Fed. Sav. & Loan Ass'n, 338 S.E.2d 730 (Ga. Ct. App. 1985). · cites it 2× “However, if the bank is open 24 hours per day, 7 days per week, as stated by its vice president, it could be in violation of OCGA § 7-1-294, which prohibits transaction of business by a bank on Sunday.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.