Connecticut General Statutes
Chapter 667 - Credit Unions
Section 36a-459. (Formerly Sec. 36-210). - Dividends.

Section 36a-459 is repealed, effective October 1, 2002.

(1949 Rev., S. 5921; 1955, S. 2748d; 1957, P.A. 110; 1961, P.A. 52; 53; 1969, P.A. 184, S. 2; P.A. 73-141; 73-390, S. 1, 2; P.A. 75-265, S. 1, 2; P.A. 80-24, S. 1, 2; P.A. 81-123, S. 3, 4; 81-173, S. 6; P.A. 82-109, S. 5, 6; P.A. 83-229, S. 2, 6; 83-332, S. 2; P.A. 85-415, S. 18; P.A. 87-7; P.A. 90-26, S. 6; P.A. 94-122, S. 214, 340; P.A. 02-73, S. 86.)

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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.