Each director of a Connecticut bank, upon such director's election, shall take and subscribe to an oath or affirmation that the director: (1) Will diligently and honestly perform the duties of director in administering the affairs of the Connecticut bank; (2) will remain responsible for the performance of the duties of director even if the director delegates the performance of such duties; and (3) will not knowingly or wilfully permit the violation of any law or regulation applicable to Connecticut banks. Each such oath or affirmation shall be recorded in the minutes of the Connecticut bank, and the Connecticut bank shall promptly file a copy of such minutes with the commissioner.
(P.A. 03-259, S. 28; P.A. 07-72, S. 4.)
History: (Revisor's note: In 2005, a reference to “Commissioner of Banking” was changed editorially by the Revisors to “Banking Commissioner” to conform with P.A. 03-84); P.A. 07-72 made a technical change.
Structure Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Chapter 664b - Corporate Organization and Administration of Connecticut Banks
Section 36a-71. (Formerly Sec. 36-54). - Franchise not transferable; forfeiture.
Section 36a-72. (Formerly Sec. 36-61). - General statutes to prevail.
Section 36a-73. - Applicability of title 33.
Section 36a-80. (Formerly Sec. 36-62). - Bylaws. Amendment to certificate of incorporation.
Section 36a-81. (Formerly Sec. 36-64). - Relocation of main office.
Section 36a-82. (Formerly Sec. 36-87). - Change of name.
Section 36a-83. (Formerly Sec. 36-90). - Examination by shareholders.
Section 36a-84. (Formerly Sec. 36-117a). - Amendment of charter of mutual savings banks.
Section 36a-85. (Formerly Sec. 36-175). - Savings and loans' depositors' votes.
Section 36a-95. (Formerly Sec. 36-9c). - Interlocking directors.
Section 36a-96. (Formerly Sec. 36-9e). - Bonds of officers and employees.
Section 36a-99. (Formerly Sec. 36-121). - Removal of corporator of a mutual savings bank.
Section 36a-100. (Formerly Sec. 36-126b). - Benefits for officers and employees.
Section 36a-101. - Oath or affirmation by directors.
Section 36a-102. - Identification of directors and officers.
Section 36a-105. (Formerly Sec. 36-88). - Authorization and issuance of additional shares.
Section 36a-106. (Formerly Sec. 36-89b). - Preferred shares. Capital notes and debentures.
Section 36a-107. - Reduction of capital stock and change in par value.
Section 36a-108. (Formerly Sec. 36-89a). - Preemptive rights of holders of capital stock.
Section 36a-109. - Rights or options to purchase shares.
Section 36a-111. - Acquisition and disposal of own stock.
Section 36a-112. (Formerly Sec. 36-91). - Voting restrictions.