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Can you summarize 9-B MERS Part 1, Chapter 14-A?
GENERAL PROVISIONS > BUSINESS DAYS AND HOURS OF OPERATION
Short Summary
This legal document, part of the Maine Revised Statutes, governs the definition of business days for financial institutions. It specifies that business days exclude weekends and certain holidays such as New Year’s Day, Martin Luther King Jr. Day, Presidents Day, Patriot’s Day, Memorial Day, Juneteenth, Independence Day, Labor Day, Indigenous Peoples Day, Veterans’ Day, Thanksgiving Day, and Christmas Day. If any of these holidays fall on a Sunday, the following Monday is also not considered a business day. The document also allows financial institutions to establish their own days and hours of operation, even on non-business days. It requires financial institutions to disclose their office hours at or near public entrances and allows temporary closures for various reasons. It also provides a limitation on liability for performing acts on non-business days or during office closures. The superintendent has the authority to require closures in emergencies. No specific penalties are mentioned in this document.
Whom does it apply to?
Financial institutions
What does it govern?
Definition of business days for financial institutions
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Maine