(205 ILCS 610/4) (from Ch. 17, par. 1004)
Sec. 4. Effect of closing. Any day on which a bank, or any one or more of its offices, is closed
during all or any part of its normal banking hours under Section 2 of this Act shall be, with respect to such bank
or, if not all of its offices are closed, then with respect to any office
or offices which are closed, a legal holiday for all purposes with respect
to any banking business of any character. No liability, or loss of rights
of any kind, on the part of any bank, or director, officer, or employee
thereof, shall accrue or result by virtue of any closing authorized by this
Act.
The provisions of this Act shall be construed and applied as being in
addition to, and not in substitution for or limitation of, any other law of
this State or of the United States, authorizing the closing of a bank or
excusing the delay by a bank in the performance of its duties and
obligations because of emergencies or conditions beyond the bank's control,
or otherwise.
(Source: P.A. 102-553, eff. 1-1-22.)
|