Alabama § 5-5A-31 - Liability for Transactions on Legal Holidays.
Full text of Alabama Code of Alabama § 5-5A-31 — Liability for Transactions on Legal Holidays., with citation guidance and answers to common questions.
§ 5-5A-31. Liability for Transactions on Legal Holidays.
A bank shall be liable for and chargeable with deposits received and other business transacted on a legal holiday the same as if such deposit were received or business transacted on a legal banking day and shall have the same protection for payment of checks or sight drafts and business on a holiday that it would have if such payments were made and such transactions had on a legal banking day.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-5A-31
What does Code of Alabama § 5-5A-31 cover?
Section 5-5A-31 ("Liability for Transactions on Legal Holidays.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 5-5A-31?
A common citation format is "Code of Alabama § 5-5A-31" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 5-5A-31 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.