(1)
(a) A financial institution may, at its discretion, establish days and hours for its offices, provided that it shall post the days and hours of operation at or near the public entrances to its offices.
(b) A financial institution may temporarily close any of its offices for reasons that include but are not limited to good cause, emergency weather conditions and community events. If a financial institution temporarily closes any of its offices for all or any part of a business day, the institution shall post a conspicuous notice of the closing at all points of public access to the closed offices. A closing may not become effective until such notice is posted at the office to be closed. Posting this notice relieves the institution from liability for failure to perform any of the business of the financial institution at the closed offices.
(c) Any act authorized, required or permitted to be performed at, by or with respect to any financial institution on a day not defined as a business day or on a day the financial institution is closed pursuant to paragraph (4) of subsection (d) [sic] hereof may be performed an the next succeeding business day and liability or loss of rights of any kind may not result from such delay.
(d) Any financial institution authorized to do business in the Territory may permit any of its branch offices, facilities or walk-up or drive-up windows of its main office or branch offices to remain open, or open for limited functions only, during such hours as it may determine from time to time. Any hours in which the branch office, facility or walk-up or drive-up window of its main office or branch office is open for limited functions only after its main office is closed are, with respect to such financial institution, not considered to be part of a business day.
(2) Any act authorized, required or permitted to be performed at or by, or with respect to, any such financial institution during hours at which said branch office, facility, or walk-up or drive-up window of its main office or branch office is open for limited functions only after its main office is closed may be so performed on the next succeeding business day, and no liability or loss of rights of any kind shall result from such delay.
(3) Nothing in any law of this Territory shall in any manner whatsoever affect the validity of, or render void or voidable, the payment, certification or acceptance of a check or other negotiable instrument or any other transaction by a financial institution in this Territory because it was done or performed during such hours in which a branch office, facility, or walk-up or drive-up window of its main office or branch is open for limited functions only after its main office is closed.
(4) Whenever it shall appear to the Governor that the welfare and security of financial institutions under the supervision of the Banking Board, or their depositors, shareholders, staffs or customers require, or that the welfare of the Territory, any section thereof, the inhabitants thereof, financial institutions, their depositors, shareholders or staffs have been or may be adversely affected by actual or threatened national emergency, forces of the natural elements, fires, explosions, strikes, epidemics, civil strife or commotion, or any other circumstances hazardous or dangerous to life, limb or property, the Governor may proclaim that a banking emergency exists. The Governor may declare such banking holidays as in his judgment such emergency conditions may require and that any financial institution or institutions shall be subject to special regulation as provided until the Governor, by a like proclamation, declares the period of such emergency to have terminated if he has not defined such period in the original proclamation.