Title 12 — Banks and Banking
Chapter 50 — Check Truncation
§ 5008. Delays in an emergency
Statutory text
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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 108–100 § 9 · 117 Stat. 1177
Enacted · 12 U.S.C. § 5008
(Pub. L. 108–100, § 9, Oct. 28, 2003, 117 Stat. 1188.)
Source evidence
Code source credit
(Pub. L. 108–100, § 9, Oct. 28, 2003, 117 Stat. 1188.)Enacted provision · exact public law section
SEC. 9. DELAYS IN AN EMERGENCY. A delay by a bank beyond the time limits prescribed or permitted by this Act 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.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
This chapter, referred to in text, was in the original “this Act”, meaning Pub. L. 108–100, , 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.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective at the end of the 12-month period beginning on , see section 20 of Pub. L. 108–100, set out as a note under section 5001 of this title.