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. - (a) Except as provided in subsection (i) of this section,...

Section 36a-126. - Merger and consolidation of Connecticut banks with federal banks. - (a)(1) Except as provided in this subsection, any one or...

Section 36a-127. - Merger of Connecticut bank with nonbank affiliates. - A Connecticut bank may merge with one or more of...

Section 36a-135. - Conversions of a mutual institution into another mutual institution. - (a)(1) Any mutual savings bank, federal mutual savings bank, mutual...

Section 36a-136. (Formerly Sec. 36-142m). - Conversion of a mutual institution to a capital stock bank. Plan of conversion. - (a) With the approval of the commissioner, any mutual savings...

Section 36a-137. - Conversion of a capital stock bank into another capital stock bank. - (a)(1) Any capital stock Connecticut bank or capital stock federal...

Section 36a-138. - Conversion of a capital stock institution into a mutual institution. - (a) With the approval of the commissioner, any capital stock...

Section 36a-139. (Formerly Sec. 36a-252). - Conversion of community banks to Connecticut banks. - (a) Any community bank organized pursuant to subsection (r) of...

Section 36a-139a. (Formerly Sec. 36a-252a). - Conversion of uninsured banks and trust banks. - (a) Any uninsured bank or any trust bank may, upon...

Section 36a-139b. - Conversion to an uninsured bank. - (a) Any Connecticut bank may, upon the approval of the...

Section 36a-145. (Formerly Sec. 36-59). - Branches, limited branches, mobile branches and loan production offices. Establishment, operation, conversion, closing, relocation, consolidation and sale. - (a) As used in this section: (1) “Branch” means any...

Section 36a-155. (Formerly Sec. 36-193b). - Establishment and use of automated teller machines, satellite devices and point of sale terminals. - (a) One or more banks, Connecticut credit unions or federal...

Section 36a-156. (Formerly Sec. 36-193c). - Availability of automated teller machines, satellite devices and point of sale terminals. - (a) One or more banks, Connecticut credit unions or federal...

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

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. - (a) Except as provided in subsection (b) of this section,...

Section 36a-159. (Formerly Sec. 36-193h). - Transactions at point of sale terminals. Changes in transactions permitted. - At such time as national banking associations having their main...

Section 36a-170. (Formerly Sec. 36-9ff). - Virtual banking. - (a) As used in this section, “virtual banking” means the...

Section 36a-180. (Formerly Sec. 36-418). - Short title: Connecticut Bank Holding Company and Bank Acquisition Act. - Sections 36a-180 to 36a-191, inclusive, shall be known as the...

Section 36a-181. (Formerly Sec. 36-420). - Organization of holding companies by capital stock Connecticut banks. - (a) A capital stock Connecticut bank, which is not owned...

Section 36a-182. (Formerly Sec. 36-421). - Ownership of bank shares not to be considered as transacting banking business. - No corporation shall be considered as transacting the business of...

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

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. - (a) As used in this section: (1) “Person” means any...

Section 36a-185. (Formerly Sec. 36-425). - Public hearing. Disapproval of plan. Adequacy of services, findings. - (a) The offer, invitation, request, agreement or acquisition referred to...

Section 36a-186. (Formerly Sec. 36-426). - Injunction against unlawful offer or acquisition. Seizure or sequestration of securities. - The bank or holding company or the commissioner through the...

Section 36a-187. (Formerly Sec. 36-427). - Administration and enforcement. - (a) The commissioner has authority, in accordance with chapter 54,...

Section 36a-188. (Formerly Sec. 36-427a). - Registration with commissioner. Reports and examinations. - Each holding company shall register with the commissioner within one...

Section 36a-189. (Formerly Sec. 36-428). - Appeal from commissioner. - Any person aggrieved by any action of the commissioner under...

Section 36a-190. (Formerly Sec. 36-429). - Excepted transactions. - The provisions of sections 36a-183 to 36a-187, inclusive, shall not...

Section 36a-191. (Formerly Sec. 36-430). - Severability. - If any provision or clause of sections 36a-180 to 36a-191,...

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. - (a) Notwithstanding any other provision of the general statutes, any...

Section 36a-193. (Formerly Sec. 36-142bb). - Reorganized savings institutions. Minimum equity capital requirement. Application. Certificate of authority. - (a) Any reorganized savings institution, except a trust bank, shall...

Section 36a-194. (Formerly Sec. 36-142cc). - Powers. - (a) Upon the reorganization of a mutual savings bank or...

Section 36a-195. (Formerly Sec. 36-142dd). - Issuance of preferred stock. - (a) Notwithstanding any other provision of law, a reorganized savings...

Section 36a-196. (Formerly Sec. 36-142ee). - Issuance of common stock. - (a) Following the reorganization of any mutual savings bank or...

Section 36a-197. (Formerly Sec. 36-142ff). - Conversion into stock holding company. - Any mutual holding company having its principal office in this...

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

Section 36a-199. (Formerly Sec. 36-142hh). - Exemption from real estate conveyance taxes. - Any transfer of real estate in connection with the reorganization...

Section 36a-210. (Formerly Sec. 36-30). - Transfer of assets. - (a)(1) With the approval of the commissioner, a Connecticut bank...

Section 36a-215. (Formerly Sec. 36-22b). - Powers re troubled trust banks and uninsured banks. - If, in the opinion of the commissioner, a trust bank,...

Section 36a-216. (Formerly Sec. 36-22). - Powers in case of financial distress. - (a) Whenever, in the opinion of the commissioner, general financial...

Section 36a-217. (Formerly Sec. 36-26). - Establishment of maximum rate of dividends and interest. Regulations. - Whenever conditions affecting the demand for and supply of money,...

Section 36a-218. (Formerly Sec. 36-31). - Order to make good impairment of capital. Application for appointment of receiver. - Whenever the commissioner has reason to believe that the capital...

Section 36a-219. (Formerly Sec. 36-32). - Restraining order. Appointment of conservator. - (a) Whenever, in the opinion of the commissioner or the...

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... - (a) If it appears to the commissioner that (1) the...

Section 36a-221. (Formerly Sec. 36-35). - Appointment of receiver or conservator on petition of shareholders. - A receiver or conservator for any capital stock Connecticut bank...

Section 36a-221a. - Duties of receivers of trust banks and uninsured banks. - (a)(1) The receiver of a trust bank or uninsured bank...

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... - (a) In all cases in which the appointment of a...

Section 36a-223. (Formerly Sec. 36-36). - Duties of conservators and receivers for Connecticut banks and credit unions. Powers. - (a) The duty of the conservator shall be to carry...

Section 36a-224. (Formerly Sec. 36-37). - Refinancing or reorganization of Connecticut banks and credit unions in receivership. - Upon recommendation of the receiver and with the approval of...

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. - (a) The Superior Court, upon appointing a receiver of any...

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. - The receiver shall, as soon after the receiver's appointment as...

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. - (a) A contract between a trust bank or uninsured bank...

Section 36a-227. (Formerly Sec. 36-40). - Dissolution of attachments and levies. Posting of notice of injunction or appointment of receiver. - (a) All attachments of, or against, the estate of any...

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... - (a) Within six months after the appointment of a receiver...

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. - (a) Each affiliate, officer, director, employee, shareholder, trustee, agent, attorney,...

Section 36a-230. (Formerly Sec. 36-43). - Claims not barred by statute of limitations against receiver. - No claim in favor of a Connecticut bank or Connecticut...

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... - (a)(1) The receiver or conservator of a Connecticut bank or...

Section 36a-232. (Formerly Sec. 36-46). - Creditor's application for order to receiver. - Any creditor of the receivership may apply in writing to...

Section 36a-233. (Formerly Sec. 36-47). - Funds and property not subject to foreign attachment. - No part of the funds or property in the possession...

Section 36a-234. (Formerly Sec. 36-48). - Dissolution of injunction against receiver. - In any action against the receiver of any Connecticut bank...

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... - (a)(1) A transfer of or lien on the property or...

Section 36a-236. (Formerly Sec. 36-50). - Final distribution of receivership accounts. - Within sixty days after all the assets of the receivership...

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. - (a) The assets of any Connecticut bank, other than a...

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

Section 36a-237g. - Disposition of fiduciary records re fiduciary accounts of trust banks and uninsured banks. - (a) All fiduciary records relating to the administration of fiduciary...

Section 36a-237h. - Immunity for receivers and conservators of trust banks and uninsured banks and their employees. - (a) Persons entitled to protection under this section shall be:...

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

Section 36a-239. (Formerly Sec. 36-52). - Discharge of receiver or conservator. - (a) After a final disposition of funds as provided in...

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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

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