United States Code (Last Updated: May 24, 2014) |
Title 12. BANKS AND BANKING |
Chapter 50. CHECK TRUNCATION |
§ 5008. Delays in an emergency
Latest version.
-
A delay by a bank beyond the time limits prescribed or permitted by this chapter shall be excused if the delay is caused by interruption of communication or computer facilities, suspension of payments by another bank, war, emergency conditions, failure of equipment, or other circumstances beyond the control of a bank and if the bank uses such diligence as the circumstances require.
References In Text
This chapter, referred to in text, was in the original “this Act”, meaning Pub. L. 108–100,