JSI Tip 2970. Windows 2000 issues 'The file can not be accessed by the system' on an NTFS volume?

Microsoft Knowledge Base Article 262320 states

When you attempt to open a file on a Windows 2000 NTFS volume, you may receive the following error message: "The file cannot be accessed by the system" If you try to copy the file, you may receive the following error message: Error Copying file or...