PRINTER'S NO. 2974
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2095
Session of
2019
INTRODUCED BY JOHNSON-HARRELL, YOUNGBLOOD, BURGOS, SCHLOSSBERG,
KENYATTA, KINSEY, KOSIEROWSKI, SHUSTERMAN AND CEPHAS,
DECEMBER 2, 2019
REFERRED TO COMMITTEE ON COMMERCE, DECEMBER 2, 2019
AN ACT
Amending the act of November 30, 1965 (P.L.847, No.356),
entitled "An act relating to and regulating the business of
banking and the exercise by corporations of fiduciary powers;
affecting persons engaged in the business of banking and
corporations exercising fiduciary powers and affiliates of
such persons; affecting the shareholders of such persons and
the directors, trustees, officers, attorneys and employes of
such persons and of the affiliates of such persons; affecting
national banks located in the Commonwealth; affecting persons
dealing with persons engaged in the business of banking,
corporations exercising fiduciary powers and national banks;
conferring powers and imposing duties on the Banking Board,
on certain departments and officers of the Commonwealth and
on courts, prothonotaries, clerks and recorders of deeds;
providing penalties; and repealing certain acts and parts of
acts," in general provisions, further providing for legal
holidays.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 113(b) of the act of November 30, 1965
(P.L.847, No.356), known as the Banking Code of 1965, is amended
to read:
Section 113. Legal Holidays
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(b) Optional holidays--An institution may at its option
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observe as a legal holiday:
(i) Lincoln's Birthday (February 12);
(ii) Washington's Birthday (the third Monday in
February);
(iii) Good Friday;
(iii.1) Vaisakhi (April 13 or 14);
(iii.2) Vesak (the first day of the full moon in May);
(iii.3) Eid al-Fitr (the first day of the lunar month of
Shawwal);
(iv) Flag Day (June 14);
(iv.1) Yom Kippur;
(v) Columbus Day (the second Monday in October);
(v.1) the third day of the Diwali Festival, which
generally falls between mid-October and mid-November and
which marks the new moon day known as Amavasya;
(vi) Election Day (the first Tuesday after the first
Monday in November);
(vii) Veterans' Day (November 11);
(vii.1) the first day of the observance of Kwanzaa
(December 26);
(viii) each Saturday either as a half-holiday after 12
o'clock noon or as a full holiday;
(ix) each Monday following an Independence Day, a
Christmas Day or New Year's Day which occurs on a Saturday;
and
(x) each day which the department permits all
institutions by public announcement, or an individual
institution by written permission, to observe as a legal
holiday.
* * *
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Section 2. This act shall take effect immediately.
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