Section 1093 Of Chapter 4.5. Bank Extraordinary Situation Closing From California Financial Code >> Division 1.1. >> Chapter 4.5.
1093
. (a) Whenever the officers of a bank are of the opinion that
an extraordinary situation exists which affects or may affect one or
more of a bank's offices, they shall have the authority in the
reasonable and proper exercise of their discretion to determine not
to open such offices on any business or banking day, or, if such
offices have opened to close one or more of them during the
continuation of such extraordinary situation even if the commissioner
has not issued and does not issue a proclamation of extraordinary
situation. The office or offices so closed shall remain closed until
such time as the officers determine with respect to each such office
that the extraordinary situation has ended and for such further time
thereafter as may reasonably be required to be reopened; however, in
no case shall such office or offices remain closed for more than 48
consecutive hours excluding other legal holidays without requesting
the approval of the commissioner nor, in case such request is denied
by the commissioner, for more than 24 consecutive hours excluding
other legal holidays after such denial.
(b) The officers of a bank may close one or more of the bank's
offices on any day or days designated for mourning, rejoicing, or
other special observance by proclamation of the Governor or the
President of the United States.