Ohio § 5.41
Full text of Ohio Ohio Revised Code § 5.41, with citation guidance and answers to common questions.
§ 5.41.
Any bank under the supervision of the division of banks, national bank, federal reserve
bank, building and loan association, savings association, federal savings and loan
association incorporated pursuant to the “Home Owner's Loan Act of 1933,” federal
home loan bank, or any branch of any of the foregoing financial institutions may remain
closed on any certain week day designated by the board of directors of such financial
institution. Not less than fifteen nor more than thirty days before closing on said certain week
day, such financial institution shall post a notice in a conspicuous place in the
lobby of its principal office and the lobby of each branch affected by such week day
closing stating that on and after a day certain and until further notice given in
like manner such financial institution will remain closed on a certain week day. Concurrently with the posting of said notice, such financial institution shall publish
a notice once a week for two consecutive weeks in a newspaper of general circulation
in the county in which such financial institution or a branch thereof and affected
thereby is located. Said notice shall set forth the week day on which such financial institution or
branch thereof will remain closed and the date when said closing becomes effective. Such publication or posting of a notice shall not be required of financial institutions
which have, prior to January 1, 1953, closed on a certain week day. Any certain week day on which such financial institution or branch thereof remains
closed is, with respect to such financial institution or a branch thereof, a holiday
and not a business day for the purposes of the law relating to negotiable instruments. Any act authorized, required, or permitted to be performed at, by, or with respect
to such financial institution or a branch thereof remaining closed pursuant to this
section may be performed on the next succeeding business day, and no liability or
loss of rights on the part of any person or financial institution shall result from
such delay.
Frequently Asked Questions About Ohio § 5.41
What does Ohio Revised Code § 5.41 cover?
Section 5.41 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 5.41?
A common citation format is "Ohio Revised Code § 5.41" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5.41 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.