Connecticut Administrative Code

Regulations of Connecticut State AgenciesSec. 36a-1-64. FormThe form to be followed in the filing of petitions and applications pursuant to the rules of practice will vary to the extent necessary to provide for the nature of the legal rights, duties or privileges involved therein…

Regulations of Connecticut State AgenciesSec. 36a-1-65. Deficiencies in filing application or petition(a) The department may reject any application or petition if it is incomplete or otherwise inadequate to permit processing or disposition of an application or petition. (b) Any a…

Regulations of Connecticut State AgenciesSec. 36a-1-66. Forms and instructions(a) Copies of forms and instructions for the preparation of requests or applications for certain approvals, authorizations or licenses are available on the department's web site, the Connecticut Licensi…

Regulations of Connecticut State AgenciesSec. 36a-1-67to36a-1-69. Reserved AUTHORITY: Conn. Gen. Stat. § 36a-1 AUTHORITY: Conn. Gen. Stat. § 36a-1

Regulations of Connecticut State AgenciesSec. 36a-1-7. Fees, fines, civil penalties or other payments(a) Any fee, fine, civil penalty or other payment required or authorized by law to be paid to the commissioner shall be paid by check or money order, payable to \"Treasurer, State…

Regulations of Connecticut State AgenciesSec. 36a-1-70. Personal data(a) AuthorityThese Regulations are promulgated pursuant to the provisions of section 4-196 of the General Statutes. (b) Definitions(1) \"Department\" means the Department of Banking and includes the Banking Comm…

Regulations of Connecticut State AgenciesSec. 36a-1-71. General rulesThe rules of practice set forth the procedure to be followed by the commissioner in the promulgation, amendment or repeal of a regulation. (Adopted effective August 31, 2004) AUTHORITY: Conn. Gen. Stat. § 36a-1 …

Regulations of Connecticut State AgenciesSec. 36a-1-72. Form of petitions(a) Any interested person may at any time petition the commissioner to adopt, amend or repeal any regulation. (b) The petition shall conform to the rules of practice where applicable, and shall set forth cle…

Regulations of Connecticut State AgenciesSec. 36a-1-73. Procedure after petition filed(a) Not more than thirty days after receipt of the petition, the commissioner shall determine whether to deny the petition or to initiate regulation-making proceedings in accordance with law. (b…

Regulations of Connecticut State AgenciesSec. 36a-1-74. Notice of intent to adopt regulationsPrior to the adoption of any regulation, the commissioner shall give such notice as is required by section 4-168 of the Connecticut General Statutes or other applicable statutes. (Adopted…

Regulations of Connecticut State AgenciesSec. 36a-1-75. Procedure after notice of intent to adopt regulations(a) All interested persons may submit data, views and arguments in writing to the commissioner not more than thirty days after notice of intent to adopt the regulation has…

Regulations of Connecticut State AgenciesSec. 36a-1-76. Availability of regulation, fiscal note and regulation-making record(a) All the regulations and currently pending proposed regulations of the commissioner shall be available for inspection during normal business hours at the…

Regulations of Connecticut State AgenciesSec. 36a-1-77. Advance notice of regulation-making proceedings(a) Any person or group may file a request with the commissioner for advance notice of regulation-making proceedings. The request shall be clearly titled \"Request for Advance N…

Regulations of Connecticut State AgenciesSec. 36a-1-78. Emergency regulationsWhen the commissioner finds that an imminent peril to the public health, safety or welfare so requires, the commissioner may adopt emergency regulations, in accordance with the provisions of subsection (…

Regulations of Connecticut State AgenciesSec. 36a-1-79to36a-1-82. Reserved. AUTHORITY: Conn. Gen. Stat. § 36a-1 AUTHORITY: Conn. Gen. Stat. § 36a-1

Regulations of Connecticut State AgenciesSec. 36a-1-8. Advisory opinions or other legal interpretationsThe commissioner or any authorized employee of the department may issue advisory opinions or other legal interpretations regarding any laws or regulations that the commissioner …

Regulations of Connecticut State AgenciesSec. 36a-1-83. General ruleThe rules of practice set forth the procedure to be followed by the commissioner in the disposition of requests for declaratory rulings as to the validity of any regulation, or the applicability to specified circ…

Regulations of Connecticut State AgenciesSec. 36a-1-84. Form and content of petition for declaratory ruling; filing procedureAny person may request a declaratory ruling from the commissioner with respect to the validity of any regulation or applicability to specified circumstance…

Regulations of Connecticut State AgenciesSec. 36a-1-85. Notice of declaratory ruling petition or declaratory ruling proceeding(a) Not more than thirty days after the commissioner receives a petition for declaratory ruling filed in accordance with section 36a-1-84 of the Regulatio…

Regulations of Connecticut State AgenciesSec. 36a-1-86. Requests for notice of declaratory ruling petitions or proceedingsAny person may request that the department provide notice of the filing of declaratory ruling petitions, or the commencement by the commissioner on the commis…

Regulations of Connecticut State AgenciesSec. 36a-1-87. Proceedings on declaratory rulings(a) Not more than sixty days after the commissioner receives a petition for declaratory ruling filed in accordance with section 36a-1-84 of the Regulations of Connecticut State Agencies, or …

Regulations of Connecticut State AgenciesSec. 36a-1-88. Petition for party or intervenor status in proceedings for declaratory rulingsAny person may apply to be made a party to or an intervenor in a proceeding for a declaratory ruling. Any person who proposes to be admitted as an…

Regulations of Connecticut State AgenciesSec. 36a-1-89. Determination of party or intervenor statusThe commissioner may grant a timely petition to become a party or an intervenor if the commissioner finds that the petitioner has satisfied the standards of subsection (d) of sectio…

Regulations of Connecticut State AgenciesSec. 36a-1-9. Construction and waiver of rulesThe rules of practice shall be construed by the commissioner and the presiding officer to secure a just, speedy and efficient determination of the issues presented. Where good cause exists, the…

Regulations of Connecticut State AgenciesSec. 36a-1-90to36a-1-92. Reserved AUTHORITY: Conn. Gen. Stat. § 36a-1 AUTHORITY: Conn. Gen. Stat. § 36a-1

Regulations of Connecticut State AgenciesSec. 36a-136-1. DefinitionsAs used in sections 36a-136-1 to 36a-136-48, inclusive, of the Regulations of Connecticut State Agencies, unless the context otherwise requires: (1) \"Acting in concert\" means (A) knowing participation in a join…

Regulations of Connecticut State AgenciesSec. 36a-136-10. Amendment of conversion applicationTo amend the conversion application, the converting institution shall (1) file an amendment with an appropriate facing sheet, (2) number each amendment consecutively, (3) respond to all i…

Regulations of Connecticut State AgenciesSec. 36a-136-11. Notice of filing of application and comment process(a) The converting institution shall publish a notice of the conversion that includes the following: (1) The institution's name and address;(2) The type of application;(3)…

Regulations of Connecticut State AgenciesSec. 36a-136-12. Actions by commissioner on conversion application(a) The commissioner may approve the conversion only if the commissioner makes the determinations required by subsection (l) of section 36a-136 of the Connecticut General St…

Regulations of Connecticut State AgenciesSec. 36a-136-13. Vote by depositors of a converting mutual savings and loan associationIn the case of a converting institution that is a mutual savings and loan association:(a) After the commissioner approves the plan of conversion, the co…

Regulations of Connecticut State AgenciesSec. 36a-136-14. Proxy solicitation for vote of depositors of a mutual savings and loan association(a) A converting mutual savings and loan association shall comply with the provisions of this section. Any depositor who provides proxy soli…

Regulations of Connecticut State AgenciesSec. 36a-136-15. Filing of offering circular(a) The converting institution shall prepare and file its offering circular with the commissioner in compliance with section 36a-136-8 of the Regulations of Connecticut State Agencies. (b) In the…

Regulations of Connecticut State AgenciesSec. 36a-136-16. Distribution of offering circular(a) A mutual savings and loan association may distribute a preliminary offering circular at the same time as or after it mails the proxy statement to its depositors. (b) A converting instit…

Regulations of Connecticut State AgenciesSec. 36a-136-17. Filing of post-effective amendment to the offering circular(a) The converting institution shall file a post-effective amendment to the offering circular with the commissioner when a material event or change of circumstance…

Regulations of Connecticut State AgenciesSec. 36a-136-18. Purchase priority and timing of offer to sell conversion shares(a) The converting institution shall offer to sell its shares in the following order: (1) Eligible account holders, (2) tax-qualified employee stock ownership …

Regulations of Connecticut State AgenciesSec. 36a-136-19. Pricing of conversion shares(a) The converting institution shall sell its conversion shares at a uniform price per share and at a total price that is equal to the estimated pro forma market value of the shares after it con…

Regulations of Connecticut State AgenciesSec. 36a-136-2. Pre-conversion meetingAppropriate representatives of the converting institution designated by its governing board shall meet with the commissioner before the converting institution files its conversion application to discus…

Regulations of Connecticut State AgenciesSec. 36a-136-20. Sale of conversion shares(a) The converting institution shall sell its conversion shares in a subscription offering. It shall distribute order forms to all eligible account holders, supplemental eligible account holders an…

Regulations of Connecticut State AgenciesSec. 36a-136-21. Prohibited sales practices(a) In connection with offers, sales or purchases of conversion shares, the converting institution and its directors, officers, agents or employees shall not engage in any activity prohibited by s…

Regulations of Connecticut State AgenciesSec. 36a-136-22. Payment for conversion shares by subscribers(a) A subscriber may purchase conversion shares with cash, by a withdrawal from a savings account or a withdrawal from a certificate of deposit. If a subscriber purchases shares …

Regulations of Connecticut State AgenciesSec. 36a-136-23. Payment of interest on payments for conversion shares(a) The converting institution shall pay interest from the date it receives a payment for conversion shares until the date the conversion is completed or terminated. Int…

Regulations of Connecticut State AgenciesSec. 36a-136-24. Subscription rights of eligible account holders and supplemental eligible account holders(a) The converting institution shall give each eligible account holder subscription rights to purchase conversion shares in an amount…

Regulations of Connecticut State AgenciesSec. 36a-136-25. Officers and directors and their associates as eligible account holdersOfficers and directors of the converting institution and their associates may be eligible account holders, provided if an officer or director or his or…

Regulations of Connecticut State AgenciesSec. 36a-136-26. Purchase of conversion shares by other depositors of a mutual savings and loan association(a) A converting institution that is a savings and loan association shall give rights to purchase the conversion shares to depositor…

Regulations of Connecticut State AgenciesSec. 36a-136-27. Limitations on the aggregate purchases of conversion shares by officers, directors and their associates(a) Officers and directors of the converting institution and their associates shall not purchase, in the aggregate, mor…

Regulations of Connecticut State AgenciesSec. 36a-136-28. Allocation of conversion shares if shares are oversubscribed(a) If the conversion shares are oversubscribed by the eligible account holders, the converting institution shall allocate shares among the eligible account holde…

Regulations of Connecticut State AgenciesSec. 36a-136-3. Business plan(a) Prior to filing an application for conversion, the converting institution shall adopt a business plan reflecting the converting institution's intended plans for deployment of the proposed conversion proceed…

Regulations of Connecticut State AgenciesSec. 36a-136-30. Imposition of purchase limitations by the converting institution(a) The converting institution may limit the number of shares that any person, group of associated persons or persons otherwise acting in concert may subscrib…

Regulations of Connecticut State AgenciesSec. 36a-136-31. Purchase preference for persons in the local community(a) In its subscription offering, the converting institution may give purchase preference to eligible account holders, supplemental eligible account holders and, in the…

Regulations of Connecticut State AgenciesSec. 36a-136-32. Other conditions applicable to the offering of conversion shares in a community offering, a public offering or both(a) The converting institution shall offer and sell its stock to achieve a widespread distribution of the s…