Utah Code 7-1-808. Closing days for depository institutions
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(1) Depository institutions shall be closed to the general public on Sundays.
Terms Used In Utah Code 7-1-808
- Commissioner: means the Commissioner of Financial Institutions. See Utah Code 7-1-103
- Depository institution: means a bank, savings and loan association, savings bank, industrial bank, credit union, or other institution that:(8)(a) holds or receives deposits, savings, or share accounts;(8)(b) issues certificates of deposit; or(8)(c) provides to its customers other depository accounts that are subject to withdrawal by checks, drafts, or other instruments or by electronic means to effect third party payments. See Utah Code 7-1-103
- Institution: means :
(19)(a) a corporation;(19)(b) a limited liability company;(19)(c) a partnership;(19)(d) a trust;(19)(e) an association;(19)(f) a joint venture;(19)(g) a pool;(19)(h) a syndicate;(19)(i) an unincorporated organization; or(19)(j) any form of business entity. See Utah Code 7-1-103- State: means , unless the context demands otherwise:
(33)(a) a state;(33)(b) the District of Columbia; or(33)(c) the territories of the United States. See Utah Code 7-1-103(2)(2)(a) The commissioner may designate any additional or different day on which depository institutions are closed to the general public, such as in the event of:(2)(a)(i) an emergency;(2)(a)(ii) disaster;(2)(a)(iii) flood;(2)(a)(iv) earthquake;(2)(a)(v) fire;(2)(a)(vi) power outage;(2)(a)(vii) heavy snow;(2)(a)(viii) other impediment to:(2)(a)(viii)(A) business; or(2)(a)(viii)(B) the safety of customers and employees; or(2)(a)(ix) any circumstance in which closing on an additional or different day serves the public interest.(2)(b) The commissioner may designate a day under Subsection (2)(a) as applying to all or any portion of the state.(3)(3)(a) A depository institution may elect to be open or closed to the general public during business hours of its choosing on any day not designated under this section as a day for closing.(3)(b) A depository institution shall provide adequate notice to its customers or members of any change from normal business hours. - Institution: means :