1998                                          LAWS OF MARYLAND                      [Ch. 589

designated in the proclamation may remain closed, in
which case the appointed day or days shall be treated and
considered as the first day of the week, commonly called
Sunday, with the same legal consequences as hereinabove
provided. If the emergency condition is confined to one
or more particular banking institutions or branch
offices, the proclamation shall be limited to the
institutions or offices so designated, In the event an
emergency condition arises and it is not practicable to
obtain a proclamation prior to actual closing, the
institutions so affected may, by the action of the
chairman of the board of directors or the president of
the institution, effect a closing; and [such] THE closing
[shall have] HAS the same force and effect as a
proclamation. In [such) instances where the chairman of
the board or the president elects to effect an emergency
closing he shall, as soon as possible, but in no event
later than twenty—four (24) hours after closing, notify
the Governor or his representative of the reasons for
closing. In any case, the emergency closing [shall have]
HAS the force and effect of a proclamation only (a) until
the first of the following events occurs: (1) the
issuance of a proclamation by the Governor pertaining to
the emergency closing, (2) notice to the institution that
the Governor declines to issue a proclamation, or (3)
reopening of the institution by the chairman of the board
or the president; or (b) until five o'clock on the third
day (excluding Saturdays, Sundays and legal holidays)
following the day on which the chairman or the president
closed the institution.

11.

Whenever the 1st day of January, the 12th day of
February, the 25th day of March, THE 30TH DAY OF MAY, the
4th day of July, the 12th day of September, THE 11TH DAY
OF NOVEMBER, or the 25th day of December shall occur on
Sunday, the Monday next following shall be deemed and
treated as a public holiday for all or any of the
purposes aforesaid; provided, however, that in such case
all bills of exchange, bank checks, drafts and promissory
notes which would otherwise be presentable for acceptance
or for payment on either of the Mondays so observed as a
holiday, shall be deemed to be presentable for acceptance
or for payment on the secular or business day next
succeeding such Monday, and such Mondays, so observed for
all purposes whatever as regards the presenting for
payment and acceptance and of the protesting and giving
notice of the dishonor of bills of exchange, bank checks,
drafts and promissory notes be also treated and
considered as is the first day of the week, commonly
called Sunday.

12.