Connecticut General Statutes
Chapter 667 - Credit Unions
Section 36a-450a. - Executive committee.

(a) The executive committee, if one is appointed by the governing board, shall consist of an odd number of not less than three directors of the Connecticut credit union.

(b) The executive committee shall meet in accordance with section 36a-449a, and as often as necessary and shall act for the governing board between meetings of the governing board, in all other matters except for approval of policies, subject to such conditions and limitations as prescribed by the governing board.
(c) The executive committee shall keep complete minutes of all of its actions, copies of which shall be submitted to the governing board at its next meeting.
(P.A. 02-73, S. 47.)

Structure Connecticut General Statutes

Connecticut General Statutes

Title 36a - The Banking Law of Connecticut

Chapter 667 - Credit Unions

Section 36a-435. (Formerly Sec. 36-194). - Definitions.

Section 36a-435a. - Short title: Connecticut Credit Union Act.

Section 36a-435b. - Definitions.

Section 36a-436. (Formerly Sec. 36-195). - License required.

Section 36a-436a. - Franchise and filing fee payable to the Secretary of the State.

Section 36a-436b. - Issuance of certificate of authority to engage in business of Connecticut credit union.

Section 36a-437. (Formerly Sec. 36-196). - Organization.

Section 36a-437a. - Organization.

Section 36a-438. (Formerly Sec. 36-196a). - Field of membership. Expansion. Membership applications. Continuation of membership. Expulsion or withdrawal of member.

Section 36a-438a. - Field of membership. Expansion. Change in field of membership.

Section 36a-439. (Formerly Sec. 36-196c). - Change in the field of membership.

Section 36a-439a. - Membership applications. Expulsion of member.

Section 36a-440. (Formerly Sec. 36-196d). - Central credit union.

Section 36a-440a. - Meetings.

Section 36a-440b. - Financial and statistical reports and other information. Records.

Section 36a-441. (Formerly Sec. 36-198). - Powers.

Section 36a-441a. - Loan and lease losses account. Net worth requirement.

Section 36a-442. (Formerly Sec. 36-198b). - Mortgage loans to members.

Section 36a-442a. - Deposit of funds; withdrawals. Bond requirement.

Section 36a-443 to 36a-448. (Formerly Secs. 36-198c to 36-198e, 36-200, - Extension of lines of credit to members. Lien on shares of members. Tax and loan and note accounts. Shares; value; withdrawal; minors; trusts; retirement accounts; share insur...

Section 36a-448a. - Governing board powers.

Section 36a-449. (Formerly Sec. 36-203a). - Governing board meetings.

Section 36a-449a. - Meetings of governing board.

Section 36a-450. (Formerly Sec. 36-203b). - Governing board powers. Committees.

Section 36a-450a. - Executive committee.

Section 36a-451. (Formerly Sec. 36-203c). - Executive committee.

Section 36a-451a. - Supervisory committee. Members. Powers. Duties.

Section 36a-452. (Formerly Sec. 36-203d). - Investment policy.

Section 36a-452a. - Credit committee. Credit manager. Loan officer.

Section 36a-453 and 36a-454. (Formerly Secs. 36-204 and 36-204a). - Officers. Benefits for Connecticut credit union employees and their families; liability or indemnity coverage for directors, credit committee members and supervisory committee member...

Section 36a-454a. - Benefits for Connecticut credit union employees and their families. Liability or indemnity coverage for directors, credit committee members and supervisory committee members.

Section 36a-454b. - Conflict of interest policy. Prohibitions re insiders and family members of insiders.

Section 36a-455. (Formerly Sec. 36-205). - Credit committee. Loans. Lines of credit.

Section 36a-455a. - Powers.

Section 36a-455b. - Transfer of assets or business. Sale of branch. Acquisition of assets or business of federal credit union.

Section 36a-456. (Formerly Sec. 36-206). - Loans. Interest on loans. Authorization of interest refunds. Security. Regulations.

Section 36a-456a. - Shares; secondary capital accounts; share insurance.

Section 36a-456b. - Tax and loan and note accounts.

Section 36a-456c. - Dividends.

Section 36a-457. (Formerly Sec. 36-208). - Supervisory committee. Members. Powers. Duties.

Section 36a-457a. - Loan policy.

Section 36a-457b. - Mortgage loans to members.

Section 36a-458. (Formerly Sec. 36-209). - Reserve requirements.

Section 36a-458a. - Loans. Definitions.

Section 36a-459. (Formerly Sec. 36-210). - Dividends.

Section 36a-459a. - Investment policy.

Section 36a-460. (Formerly Sec. 36-211). - Losses. Reduction of liabilities.

Section 36a-460a. - Corporate Connecticut credit union.

Section 36a-461. (Formerly Sec. 36-213). - Deposit of funds; withdrawals. Registration of securities; inspection. Bonding of officers, employees and authorized agents.

Section 36a-461a. - Credit union service organizations.

Section 36a-462. (Formerly Sec. 36-214). - Regulations re conduct of Connecticut credit unions, enforcement of chapter and establishment of rates paid as dividends.

Section 36a-462a. - Establishment of branch in this state or outside state by Connecticut credit union. Application.

Section 36a-462b. - Establishment of branch in this state by out-of-state, state-chartered credit union. Expansion of field of membership.

Section 36a-463. (Formerly Sec. 36-215). - Reports to commissioner. Net worth restoration plan. Records. Fees.

Section 36a-463a. - Audit report and net worth restoration plan by out-of-state, state-chartered or federally-chartered credit union that maintains branch in this state.

Section 36a-463b. - Relocation of main office of Connecticut credit union with approval of commissioner.

Section 36a-464 to 36a-468. (Formerly Secs. 36-219 to 36-221, 36-223a). - Termination. Distribution of assets upon liquidation. No exemption from taxation. License required of other entities. Conversion of Connecticut credit union into federal or out...

Section 36a-468a. - Mergers.

Section 36a-468b. - Conversion of Connecticut credit union into federal credit union.

Section 36a-469 (Formerly Sec. 36-223b) and 36a-469a. - Conversion of federal or out-of-state credit union into Connecticut credit union. Conversion of Connecticut or federal credit union into mutual savings bank, mutual savings and loan association...

Section 36a-469b. - Conversion of federal or out-of-state credit union into Connecticut credit union.

Section 36a-469c. - Conversion of Connecticut or federal credit union into mutual savings bank, mutual savings and loan association or mutual community bank.

Section 36a-470. (Formerly Sec. 36-223c). - Mergers.

Section 36a-470a. - Termination.

Section 36a-471. (Formerly Sec. 36-223d). - Sale of assets.

Section 36a-471a. - Regulations re conduct of Connecticut credit unions, enforcement of chapter and establishment of rates paid as dividends.

Section 36a-472. (Formerly Sec. 36-223e). - Out-of-state credit union doing business in this state.

Section 36a-472a. - No exemption from taxation.

Section 36a-473 and 36a-474 (Formerly Secs. 36-223f and 36-224) and 36a- - Reports and examination of out-of-state credit unions doing business in this state; net worth restoration plan; revocation or suspension of approval. Exceptions. Credit union...

Section 36a-476. - Compliance with federal Currency and Foreign Transactions Reporting Act.