Each investment and loan held by a Connecticut bank on January 1, 1995, which qualified as an authorized investment or loan at the time it was acquired or committed for, shall be deemed qualified as an authorized investment under this title. Each specific transaction which was lawfully entered into by a Connecticut bank and was in effect on January 1, 1995, shall continue to be permitted under this title until its modification, expiration or termination pursuant to its terms.
(P.A. 94-122, S. 130, 340.)
History: P.A. 94-122 effective January 1, 1995.
Structure Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Chapter 665 - Powers, Loans and Investments
Section 36a-250. - Powers of Connecticut banks.
Section 36a-251. - Transactions requiring commissioner's approval. Maximum aggregate investments.
Section 36a-251a. - Actions taken pursuant to commissioner's discretionary powers. Annual report.
Section 36a-260. - Loans. Loan policies. Loan review policies. Assessment of loan reviews.
Section 36a-261. (Formerly Sec. 36-99). - Mortgage loans.
Section 36a-263. - Insider loans.
Section 36a-265. (Formerly Sec. 36-9g). - Alternative mortgage loan.
Section 36a-275. - Investments in debt securities and debt mutual funds.
Section 36a-276. - Investments in equity securities and equity mutual funds.
Section 36a-277. - Social purpose investments.
Section 36a-278 and 36a-279. - Investment in commercial paper. Leeway.
Section 36a-280. - Investment policy of bank governing board. Review by board.
Section 36a-285. (Formerly Sec. 36-142). - Savings banks life insurance.
Section 36a-286. - Investments and loans held by Connecticut banks on January 1, 1995.
Section 36a-287. - Compliance with federal Currency and Foreign Transactions Reporting Act.