§ 5008. Delays in an emergency

169 words·~1 min read·/usc/title-12/section-5008

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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.

(Pub. L. 108–100, § 9, Oct. 28, 2003, 117 Stat. 1188.)

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statutes-at-large

Public Law 108–100
To facilitate check truncation by authorizing substitute checks, to foster innovation in the check collection system without mandating receipt of checks in electronic form, and to improve the overall efficiency of the Nation’s payments system, and for other purposes

statute-compilations

Sec. 9
DELAYS IN AN EMERGENCY

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U.S. Code

Findings; purposes
§ 5001

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Pub. L. 108–100, § 9
117 Stat. 1188
Pub. L. 108–100
117 Stat. 1177
section 20 of Pub. L. 108–100

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§ 5008

Delays in an emergency

Stat. Comp.×1

Stat.×1

U.S.C.§ 5001

Pub. L.Pub. L. 108–100, § 9

Stat.117 Stat. 1188

Pub. L.Pub. L. 108–100

Stat.117 Stat. 1177

Pub. L.section 20 of Pub. L. 108–100

Cites 6Cited by 2 across 2 sources