12-U.S.C.-5008

§5008 – Delays In An Emergency

Pathway

Title 12 > Chapter 50 > Section 5008

Details

• Reference: Section 5008
• Legend: §5008 – Delays In An Emergency
• USCode Year: 2013

Provision Content

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.)

References in Text

This chapter, referred to in text, was in the original this Act, meaning Pub. L. 108–100, Oct. 28, 2003, 117 Stat. 1177, which is classified generally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 5001 of this title and Tables.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-5008 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-5008, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 12 (Banks And Banking) guided by subject interests.