Title 36a — Title 36a: The Banking Law of Connecticut
12 chapters · 703 sections in this title.
Conn. Gen. Stat. § 36a-100 (Formerly Sec. 36-126b). Benefits for officers and employees.
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Sec. 36a-100. (Formerly Sec. 36-126b). Benefits for officers and employees. (a) Any Connecticut bank, or two or more Connecticut banks together may, in the discretion of a majority, and in the case of benefits for directors and their families of two-thirds, of each of such bank's…
Conn. Gen. Stat. § 36a-101 Oath or affirmation by directors.
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Sec. 36a-101. Oath or affirmation by directors. Each director of a Connecticut bank, upon such director's election, shall take and subscribe to an oath or affirmation that the director: (1) Will diligently and honestly perform the duties of director in administering the affairs o…
Conn. Gen. Stat. § 36a-102 Identification of directors and officers.
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Sec. 36a-102. Identification of directors and officers. The commissioner, in the commissioner's discretion and in accordance with section 29-17a, may arrange for the fingerprinting or for conducting any other method of positive identification required by the State Police Bureau o…
Conn. Gen. Stat. §§ 36a-103 and 36a-104 36a-103 and 36a-104
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Secs. 36a-103 and 36a-104. Reserved for future use. PART IV SHARES AND DIVIDENDS
Conn. Gen. Stat. § 36a-105 (Formerly Sec. 36-88). Authorization and issuance of additional shares.
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Sec. 36a-105. (Formerly Sec. 36-88). Authorization and issuance of additional shares. (a) Chapter 601 shall govern the terms of issuance of shares of stock of a capital stock Connecticut bank newly organized under section 36a-70. Any share, when issued, shall be issued at not les…
Conn. Gen. Stat. § 36a-106 (Formerly Sec. 36-89b). Preferred shares. Capital notes and debentures.
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Sec. 36a-106. (Formerly Sec. 36-89b). Preferred shares. Capital notes and debentures. (a) Subject to the approval of the commissioner, any capital stock Connecticut bank may increase its authorized capital stock and provide for the issuance of nonassessable preferred shares of on…
Conn. Gen. Stat. § 36a-107 Reduction of capital stock and change in par value.
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Sec. 36a-107. Reduction of capital stock and change in par value. Subject to the approval of the commissioner, any capital stock Connecticut bank may, by the affirmative vote of the holders of a majority of the shares, or of each class of shares, entitled to vote thereon at a mee…
Conn. Gen. Stat. § 36a-108 (Formerly Sec. 36-89a). Preemptive rights of holders of capital stock.
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Sec. 36a-108. (Formerly Sec. 36-89a). Preemptive rights of holders of capital stock. The preemptive rights of the holders of the capital stock of a capital stock Connecticut bank shall be determined in accordance with section 33-683. (1963, P.A. 74, S. 6; P.A. 85-188, S. 3; 85-37…
Conn. Gen. Stat. § 36a-109 Rights or options to purchase shares.
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Sec. 36a-109. Rights or options to purchase shares. The rights of a capital stock Connecticut bank to issue or grant rights or options entitling the holders thereof to purchase authorized shares from such bank shall be determined in accordance with section 33-675, provided no suc…
Conn. Gen. Stat. § 36a-110 Dividends.
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Sec. 36a-110. Dividends. (a) Except for dividends payable in shares of its capital stock, no capital stock Connecticut bank shall declare a dividend on its capital stock except from its net profits, unless the bank has received the prior approval of the commissioner. As used in t…
Conn. Gen. Stat. § 36a-111 Acquisition and disposal of own stock.
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Sec. 36a-111. Acquisition and disposal of own stock. Subject to the approval of the commissioner, a capital stock Connecticut bank may acquire and dispose of its own stock pursuant to section 33-684 provided no such acquisition shall reduce the bank's equity capital below the min…
Conn. Gen. Stat. § 36a-112 (Formerly Sec. 36-91). Voting restrictions.
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Sec. 36a-112. (Formerly Sec. 36-91). Voting restrictions. (a) No person shall vote on stock at a meeting of the shareholders of any capital stock Connecticut bank if the stock has been transferred to such bank or to any person in trust for it, but such bank may vote thereon if it…
Conn. Gen. Stat. §§ 36a-113 to 36a-119 36a-113 to 36a-119
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Secs. 36a-113 to 36a-119. Reserved for future use. PART V RESERVE REQUIREMENTS
Conn. Gen. Stat. § 36a-120 (Formerly Sec. 36-29g). Reserves for Connecticut banks and Connecticut credit unions.
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Sec. 36a-120. (Formerly Sec. 36-29g). Reserves for Connecticut banks and Connecticut credit unions. (a) The amount and form of reserve requirements for Connecticut banks and Connecticut credit unions shall be those provided in 12 USC Section 461 et seq., as from time to time amen…
Conn. Gen. Stat. §§ 36a-121 to 36a-124 36a-121 to 36a-124
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Secs. 36a-121 to 36a-124. Reserved for future use.
Conn. Gen. Stat. § 36a-70 (Formerly Sec. 36-53). Organization of Connecticut banks. Interim banks. Expedited Connecticut banks. Bankers' banks. Community banks. Community development banks. Innovation banks.
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Sec. 36a-70. (Formerly Sec. 36-53). Organization of Connecticut banks. Interim banks. Expedited Connecticut banks. Bankers' banks. Community banks. Community development banks. Innovation banks. (a) One or more persons may organize a Connecticut bank. (b) Except as otherwise prov…
Conn. Gen. Stat. § 36a-71 (Formerly Sec. 36-54). Franchise not transferable; forfeiture.
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Sec. 36a-71. (Formerly Sec. 36-54). Franchise not transferable; forfeiture. The right of any Connecticut bank to conduct the business for which it was organized shall not be transferable. This right shall be forfeited when such bank voluntarily ceases to conduct the business for …
Conn. Gen. Stat. § 36a-72 (Formerly Sec. 36-61). General statutes to prevail.
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Sec. 36a-72. (Formerly Sec. 36-61). General statutes to prevail. The provisions of the general statutes shall prevail over any inconsistent charter provision of any Connecticut bank. (1949 Rev., S. 5785; P.A. 94-122, S. 37, 340.) History: P.A. 94-122 made technical changes, effec…
Conn. Gen. Stat. § 36a-73 Applicability of title 33.
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Sec. 36a-73. Applicability of title 33. The provisions of this title shall prevail over any inconsistent provision of title 33 governing the corporate administration and procedure of a Connecticut bank. The provisions of said title 33, unless inapplicable by their terms, shall go…
Conn. Gen. Stat. §§ 36a-74 to 36a-79 36a-74 to 36a-79
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Secs. 36a-74 to 36a-79. Reserved for future use. PART II CORPORATE FORM. ADMINISTRATION
Conn. Gen. Stat. § 36a-80 (Formerly Sec. 36-62). Bylaws. Amendment to certificate of incorporation.
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Sec. 36a-80. (Formerly Sec. 36-62). Bylaws. Amendment to certificate of incorporation. Upon the adoption of the bylaws or of any amendment or repeal of such bylaws or any amendment to the certificate of incorporation by any Connecticut bank, a copy of the bylaws, amendment or rep…
Conn. Gen. Stat. § 36a-81 (Formerly Sec. 36-64). Relocation of main office.
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Sec. 36a-81. (Formerly Sec. 36-64). Relocation of main office. (a) With the approval of the commissioner, a Connecticut bank may relocate its main office anywhere within the state. (b) The commissioner, before granting an approval under subsection (a) of this section, shall consi…
Conn. Gen. Stat. § 36a-82 (Formerly Sec. 36-87). Change of name.
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Sec. 36a-82. (Formerly Sec. 36-87). Change of name. (a) Any capital stock Connecticut bank, after an affirmative vote of at least two-thirds of the issued and outstanding stock of each class at a meeting noticed and called for the purpose of changing its name, as certified by the…
Conn. Gen. Stat. § 36a-83 (Formerly Sec. 36-90). Examination by shareholders.
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Sec. 36a-83. (Formerly Sec. 36-90). Examination by shareholders. The shareholders of any capital stock Connecticut bank may examine the records of such bank in accordance with section 33-946. (1949 Rev., S. 5809; P.A. 85-188, S. 5; 85-379, S. 11; P.A. 94-122, S. 42, 340; P.A. 96-…
Conn. Gen. Stat. § 36a-84 (Formerly Sec. 36-117a). Amendment of charter of mutual savings banks.
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Sec. 36a-84. (Formerly Sec. 36-117a). Amendment of charter of mutual savings banks. The charter of a mutual savings bank granted by a special act of the General Assembly may be amended in the manner provided under part XII of chapter 602 for the amendment of the certificate of in…
Conn. Gen. Stat. § 36a-85 (Formerly Sec. 36-175). Savings and loans' depositors' votes.
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Sec. 36a-85. (Formerly Sec. 36-175). Savings and loans' depositors' votes. No depositor of any savings and loan association shall be entitled to more than one vote in any meeting of such association. (1949 Rev., S. 5897; P.A. 78-121, S. 41, 113; P.A. 94-122, S. 44, 340.) History:…
Conn. Gen. Stat. § 36a-86 (Formerly Sec. 36-128). Audit by accountants; governing board liability. Subsidiaries of holding companies; consolidated reports.
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Sec. 36a-86. (Formerly Sec. 36-128). Audit by accountants; governing board liability. Subsidiaries of holding companies; consolidated reports. (a) The governing board of each Connecticut bank shall annually procure an audit or examination by certified public accountants or holder…
Conn. Gen. Stat. §§ 36a-87 to 36a-94 36a-87 to 36a-94
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Secs. 36a-87 to 36a-94. Reserved for future use. PART III DIRECTORS AND OFFICERS
Conn. Gen. Stat. § 36a-95 (Formerly Sec. 36-9c). Interlocking directors.
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Sec. 36a-95. (Formerly Sec. 36-9c). Interlocking directors. With the approval of the commissioner, a Connecticut bank or a holding company that controls a Connecticut bank may have as an officer, employee or director a person who serves as an officer, employee, or director of any…
Conn. Gen. Stat. § 36a-96 (Formerly Sec. 36-9e). Bonds of officers and employees.
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Sec. 36a-96. (Formerly Sec. 36-9e). Bonds of officers and employees. The governing board of each Connecticut bank, or out-of-state bank other than a federally-chartered out-of-state bank that maintains in this state a branch as defined in section 36a-410, shall require that each …
Conn. Gen. Stat. § 36a-97 (Formerly Sec. 36-9ee). Limitation on liability of directors of banks and credit unions.
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Sec. 36a-97. (Formerly Sec. 36-9ee). Limitation on liability of directors of banks and credit unions. The certificate of incorporation or charter of a bank, Connecticut credit union or federal credit union may contain a provision limiting the personal liability of a director to t…
Conn. Gen. Stat. § 36a-98 (Formerly Sec. 36-69). Compensation for attending committee meetings, auditing and appraising. Compensation to director or trustee for endorsing paper, recommending loans and selling Connecticut bank stocks and securities prohibited.
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Sec. 36a-98. (Formerly Sec. 36-69). Compensation for attending committee meetings, auditing and appraising. Compensation to director or trustee for endorsing paper, recommending loans and selling Connecticut bank stocks and securities prohibited. (a) The governing board of any Co…
Conn. Gen. Stat. § 36a-99 (Formerly Sec. 36-121). Removal of corporator of a mutual savings bank.
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Sec. 36a-99. (Formerly Sec. 36-121). Removal of corporator of a mutual savings bank. A corporator of a mutual savings bank may be removed at the annual meeting of the corporators, provided written notice is given to the corporators at least ten days before the meeting at which su…