Connecticut General Statutes
Chapter 664c - Fundamental Changes Involving Banks, Branches, Automated Teller Machines, Virtual Banking and Bank Holding Companies
Section 36a-197. (Formerly Sec. 36-142ff). - Conversion into stock holding company.

Connecticut General Statutes

Title 36a - The Banking Law of Connecticut

Chapter 664c - Fundamental Changes Involving Banks, Branches, Automated Teller Machines, Virtual Banking and Bank Holding Companies

Section 36a-125. (Formerly Sec. 36-193u). - Merger and consolidation of Connecticut banks.

Section 36a-126. - Merger and consolidation of Connecticut banks with federal banks.

Section 36a-127. - Merger of Connecticut bank with nonbank affiliates.

Section 36a-135. - Conversions of a mutual institution into another mutual institution.

Section 36a-136. (Formerly Sec. 36-142m). - Conversion of a mutual institution to a capital stock bank. Plan of conversion.

Section 36a-137. - Conversion of a capital stock bank into another capital stock bank.

Section 36a-138. - Conversion of a capital stock institution into a mutual institution.

Section 36a-139. (Formerly Sec. 36a-252). - Conversion of community banks to Connecticut banks.

Section 36a-139a. (Formerly Sec. 36a-252a). - Conversion of uninsured banks and trust banks.

Section 36a-139b. - Conversion to an uninsured bank.

Section 36a-145. (Formerly Sec. 36-59). - Branches, limited branches, mobile branches and loan production offices. Establishment, operation, conversion, closing, relocation, consolidation and sale.

Section 36a-155. (Formerly Sec. 36-193b). - Establishment and use of automated teller machines, satellite devices and point of sale terminals.

Section 36a-156. (Formerly Sec. 36-193c). - Availability of automated teller machines, satellite devices and point of sale terminals.

Section 36a-157. (Formerly Sec. 36-193d). - Satellite device or point of sale terminal not branch or office.

Section 36a-158. (Formerly Sec. 36-193f). - Establishment and use of automated teller machines and point of sale terminals by out-of-state banks and out-of-state credit unions.

Section 36a-159. (Formerly Sec. 36-193h). - Transactions at point of sale terminals. Changes in transactions permitted.

Section 36a-170. (Formerly Sec. 36-9ff). - Virtual banking.

Section 36a-180. (Formerly Sec. 36-418). - Short title: Connecticut Bank Holding Company and Bank Acquisition Act.

Section 36a-181. (Formerly Sec. 36-420). - Organization of holding companies by capital stock Connecticut banks.

Section 36a-182. (Formerly Sec. 36-421). - Ownership of bank shares not to be considered as transacting banking business.

Section 36a-183. (Formerly Sec. 36-422). - Applicability and construction of sections 36a-180 to 36a-191, inclusive.

Section 36a-184. (Formerly Sec. 36-423). - Acquisition of beneficial ownership of voting securities of banks and holding companies. Contents of acquisition statement. Registration statement.

Section 36a-185. (Formerly Sec. 36-425). - Public hearing. Disapproval of plan. Adequacy of services, findings.

Section 36a-186. (Formerly Sec. 36-426). - Injunction against unlawful offer or acquisition. Seizure or sequestration of securities.

Section 36a-187. (Formerly Sec. 36-427). - Administration and enforcement.

Section 36a-188. (Formerly Sec. 36-427a). - Registration with commissioner. Reports and examinations.

Section 36a-189. (Formerly Sec. 36-428). - Appeal from commissioner.

Section 36a-190. (Formerly Sec. 36-429). - Excepted transactions.

Section 36a-191. (Formerly Sec. 36-430). - Severability.

Section 36a-192. (Formerly Sec. 36-142aa). - Reorganization of mutual savings banks and mutual savings and loan associations into mutual holding companies. Plan of reorganization.

Section 36a-193. (Formerly Sec. 36-142bb). - Reorganized savings institutions. Minimum equity capital requirement. Application. Certificate of authority.

Section 36a-194. (Formerly Sec. 36-142cc). - Powers.

Section 36a-195. (Formerly Sec. 36-142dd). - Issuance of preferred stock.

Section 36a-196. (Formerly Sec. 36-142ee). - Issuance of common stock.

Section 36a-197. (Formerly Sec. 36-142ff). - Conversion into stock holding company.

Section 36a-198. (Formerly Sec. 36-142gg). - Mutual holding company subsidiary holding company.

Section 36a-199. (Formerly Sec. 36-142hh). - Exemption from real estate conveyance taxes.

Section 36a-210. (Formerly Sec. 36-30). - Transfer of assets.

Section 36a-215. (Formerly Sec. 36-22b). - Powers re troubled trust banks and uninsured banks.

Section 36a-216. (Formerly Sec. 36-22). - Powers in case of financial distress.

Section 36a-217. (Formerly Sec. 36-26). - Establishment of maximum rate of dividends and interest. Regulations.

Section 36a-218. (Formerly Sec. 36-31). - Order to make good impairment of capital. Application for appointment of receiver.

Section 36a-219. (Formerly Sec. 36-32). - Restraining order. Appointment of conservator.

Section 36a-220. (Formerly Sec. 36-34). - Application for injunction, receiver or conservator in case of forfeited charter or certificate of authority, fraud, unsafe business practices, dissipation of assets, insolvency or termination of insurance of...

Section 36a-221. (Formerly Sec. 36-35). - Appointment of receiver or conservator on petition of shareholders.

Section 36a-221a. - Duties of receivers of trust banks and uninsured banks.

Section 36a-222. - Appointment of receiver or conservator for Connecticut banks and credit unions. Requirements. Division within department for liquidating or administering banks or credit unions. Appointment of agent. Reports. Salaries, costs and ex...

Section 36a-223. (Formerly Sec. 36-36). - Duties of conservators and receivers for Connecticut banks and credit unions. Powers.

Section 36a-224. (Formerly Sec. 36-37). - Refinancing or reorganization of Connecticut banks and credit unions in receivership.

Section 36a-225. (Formerly Sec. 36-38). - Limitation of time for presenting claims to receiver. Receiver to publish notice in newspaper and mail individual notice to depositors, clients, creditors and safe deposit box holders.

Section 36a-226. (Formerly Sec. 36-39). - Duties of receiver re inventory and appraisal of assets of Connecticut banks and credit unions in receivership. Conversion of assets. Deposit of money.

Section 36a-226a. - Termination of contracts for bailment, deposit for hire or lease of safes, vaults or safe deposit boxes. Duties of receiver when property not removed.

Section 36a-227. (Formerly Sec. 36-40). - Dissolution of attachments and levies. Posting of notice of injunction or appointment of receiver.

Section 36a-228. (Formerly Sec. 36-40a). - Termination of executory contracts for services or advertising to which Connecticut banks and credit unions are a party. Validity of agreements that diminish interest of the estate in banks' and credit union...

Section 36a-229. (Formerly Sec. 36-41). - Immediate delivery of records and other property to receivers and conservators of Connecticut banks and credit unions. Copies. Penalty for neglect or refusal to deliver records and other property.

Section 36a-230. (Formerly Sec. 36-43). - Claims not barred by statute of limitations against receiver.

Section 36a-231. (Formerly Sec. 36-44). - Reports to be filed with Superior Court and commissioner. Payment of administrative expenses. Quarterly report. Objections. Audit of books and records of receivers of Connecticut banks and credit unions. Duti...

Section 36a-232. (Formerly Sec. 36-46). - Creditor's application for order to receiver.

Section 36a-233. (Formerly Sec. 36-47). - Funds and property not subject to foreign attachment.

Section 36a-234. (Formerly Sec. 36-48). - Dissolution of injunction against receiver.

Section 36a-235. (Formerly Sec. 36-49). - Conditions under which transfers of or liens on property or assets of Connecticut banks and credit unions in receivership are voidable. Personal liability of persons who implemented or benefited from voidable...

Section 36a-236. (Formerly Sec. 36-50). - Final distribution of receivership accounts.

Section 36a-237. (Formerly Sec. 36-51). - Distribution of assets of any Connecticut bank, trust bank or uninsured bank. Order of priority. Distribution of assets of a Connecticut credit union in event of liquidation. Sequence of distribution.

Section 36a-237f. - Procedures re filing claims against the estate of trust banks and uninsured banks in receivership. Judgment. Appeal. Payment of claims.

Section 36a-237g. - Disposition of fiduciary records re fiduciary accounts of trust banks and uninsured banks.

Section 36a-237h. - Immunity for receivers and conservators of trust banks and uninsured banks and their employees.

Section 36a-238. (Formerly Sec. 36-51a). - Subrogation of Federal Deposit Insurance Corporation, National Credit Union Administration or successor agencies.

Section 36a-239. (Formerly Sec. 36-52). - Discharge of receiver or conservator.