Connecticut General Statutes
Chapter 664b - Corporate Organization and Administration of Connecticut Banks
Section 36a-111. - Acquisition and disposal of own stock.

Subject to the approval of the commissioner, a capital stock Connecticut bank may acquire and dispose of its own stock pursuant to section 33-684 provided no such acquisition shall reduce the bank's equity capital below the minimum for a capital stock Connecticut bank as required by section 36a-70.

(P.A. 94-122, S. 58, 340; P.A. 96-271, S. 196, 254.)
History: P.A. 94-122 effective January 1, 1995; P.A. 96-271 replaced reference to Sec. 33-358 with Sec. 33-684 and deleted provision re exclusion of restricted portion of bank's surplus from the bank's equity capital in computing the bank's loan and investment limitations, effective January 1, 1997.

Structure Connecticut General Statutes