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The Vermont Statutes Online

 

Title 8 : Banking and Insurance

Chapter 201 : SUPERVISION; DEFINITIONS

Subchapter 002 : Business Days and Emergencies

(Cite as: 8 V.S.A. § 11201)
  • § 11201. Business days

    (a)(1) For purposes of this title, unless otherwise provided under other state or federal law applicable to a Vermont or state financial institution that is a depository institution, a business day is a calendar day other than the following:

    (A) Saturday and Sunday;

    (B) New Year's Day, January 1;

    (C) Martin Luther King, Jr.'s Birthday, the third Monday in January;

    (D) Presidents' Day, the third Monday in February;

    (E) Town Meeting Day, the first Tuesday in March;

    (F) Memorial Day, the last Monday in May;

    (G) Independence Day, July 4;

    (H) Bennington Battle Day, August 16;

    (I) Labor Day, the first Monday in September;

    (J) Indigenous Peoples' Day, the second Monday in October;

    (K) Veterans' Day, November 11;

    (L) Thanksgiving Day, the fourth Thursday in November;

    (M) Christmas Day, December 25.

    (2) A legal holiday that falls on a Saturday may be observed on the preceding Friday, and a legal holiday that falls on a Sunday may be observed on the following Monday.

    (b) A Vermont financial institution may choose to remain open or to close any of its banking offices on any of the days enumerated in subsection (a) of this section. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2019, No. 14, § 11, eff. April 30, 2019; 2019, No. 18, § 3.)