Ace History Desk – Christmas Laws You Never Knew Actually Existed
No paying of debts
In sharp contrast to the New England law against recognizing Christmas, Arkansas passed a law in 1838 making debt that would otherwise be payable on Christmas, payable one day earlier, aka Christmas Eve. In other words, if a debt you owed was to come due on Christmas, you’d have one less day to pay it. Likewise, if a debt owed to you was payable on Christmas, your debtor would be required to pay it one day early, thus depriving you of one days’ worth of interest. Official score in Arkansas.
A grace period for paying a debt
Unlike Arkansas, Louisana adopted a law in 1837 that made Christmas Day a grace period with regard to bill paying. In other words, if a debtor had a debt come due on Christmas Day, they would have until December 26, also known as Boxing Day, to pay it. Accordingly, debtors would have one more day with their money, interest-free, while creditors would lose a day of interest.
The Christmas Bonus Law
“Aguinaldo” refers to an annual Christmas bonus that businesses in Mexico are required by law to pay to their employees, according to Investopedia. Payment must be made by December 20, and companies that fail to do so lay themselves open to significant fines (as much as 315 times the legal daily minimum wage). Costa Rica has a similar law.
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