Also known as: business days · working day · banking day
Written by attorneys · grounded in primary & secondary sources — see below
A day on which most institutions conduct business. The term typically excludes Saturdays, Sundays, and legal holidays.
Select any source to read its text and confirm it supports the definition.
Boreal Energy received a signed demand from shareholder Bradley Banks to inspect corporate records. Banks specified that he wished to inspect the documents five business days later at the principal office. The corporation treated the notice period as satisfied because the intervening days were all weekdays when banks and exchanges operated normally.
Bayside Shipping held a demand note from Beatrice Brown. The company presented the note for payment on a Tuesday after a Monday holiday. Because Tuesday qualified as a business day, the maker could not claim the presentment was untimely under rules treating demand paper as due on any business day.
Boulder Construction launched a tender offer and notified the state regulator twenty business days before the offer could become effective. The company counted only days when major financial institutions remained open, excluding the intervening weekend and a federal holiday.
Birchwood Apparel sold handguns and waited five business days after receiving a purchaser's form before completing the transfer. The dealer excluded Saturday and Sunday from the count, treating only the five weekdays as business days under the applicable federal timing rule.
Bella Barnes sought a judicial bypass for parental consent. The trial court issued its decision within three days and the entire appellate process concluded within eight business days. The court excluded weekends when calculating the eight-day limit.
Brittany Bell deposited a check at her bank after the posted cutoff hour on a Friday. The bank treated the item as received on the next banking day, which was the following Monday because Saturday and Sunday did not qualify as business days.
No. A business day excludes Saturdays and Sundays because most institutions are closed on those days.
Supporting sources
A shareholder must give signed written notice at least five business days before the desired inspection date. Only days when institutions are open count toward the five-day period.
Supporting sources
The period is extended to the next business day. Courts and statutes treat the deadline as falling on the first day institutions are open after the non-business day.
Supporting sources
…woman's application, and the entire procedure, including appeal to Pennsylvania Superior Court, is to last no longer than eight business days. The parental consent requirement does not apply in the case of a medical emergency. 18 Pa. Cons. Stat. § 3206 (1990). See Appendix to opinion of O'Connor, Kennedy, and Souter, JJ., ante ,…