Title 36a — Title 36a: The Banking Law of Connecticut
12 chapters · 703 sections in this title.
Conn. Gen. Stat. § 36a-250 Powers of Connecticut banks.
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Sec. 36a-250. Powers of Connecticut banks. (a) Except as otherwise provided in subsection (b) of this section, a Connecticut bank may: (1) Transact a general banking business and exercise by its governing board or duly authorized officers or agents, subject to applicable law, all…
Conn. Gen. Stat. § 36a-250a Connecticut banks and Connecticut credit unions. Funds deposited by licensees and state agencies.
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Sec. 36a-250a. Connecticut banks and Connecticut credit unions. Funds deposited by licensees and state agencies. Any Connecticut bank or Connecticut credit union, each as defined in section 36a-2, may accept and store funds deposited by any entity licensed by the Department of Ba…
Conn. Gen. Stat. § 36a-251 Transactions requiring commissioner's approval. Maximum aggregate investments.
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Sec. 36a-251. Transactions requiring commissioner's approval. Maximum aggregate investments. Section 36a-251 is repealed. (P.A. 94-122, S. 116, 340; P.A. 95-70, S. 1, 8; P.A. 96-44, S. 9.)
Conn. Gen. Stat. § 36a-251a Actions taken pursuant to commissioner's discretionary powers. Annual report.
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Sec. 36a-251a. Actions taken pursuant to commissioner's discretionary powers. Annual report. The commissioner shall submit an annual report to the joint standing committee of the General Assembly having cognizance of matters relating to banks and credit unions no later than Janua…
Conn. Gen. Stat. §§ 36a-252 and 36a-252a 36a-252 and 36a-252a
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Secs. 36a-252 and 36a-252a. Transferred to Chapter 664c, Part II, Secs. 36a-139 and 36a-139a.
Conn. Gen. Stat. § 36a-253 Definitions. Designation of trusted contact person. Suspension of transaction or disbursement re financial exploitation. Immunity.
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Sec. 36a-253. Definitions. Designation of trusted contact person. Suspension of transaction or disbursement re financial exploitation. Immunity. (a) As used in this section: (1) “Account” means a customer asset or liability account, including, but not limited to, a safe deposit b…
Conn. Gen. Stat. §§ 36a-254 to 36a-259 36a-254 to 36a-259
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Secs. 36a-254 to 36a-259. Reserved for future use. PART II LOANS
Conn. Gen. Stat. § 36a-260 Loans. Loan policies. Loan review policies. Assessment of loan reviews.
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Sec. 36a-260. Loans. Loan policies. Loan review policies. Assessment of loan reviews. (a) A Connecticut bank may make secured and unsecured loans, except as otherwise expressly limited by sections 36a-261 to 36a-266, inclusive. (b) At least once a year, the governing board of eac…
Conn. Gen. Stat. § 36a-261 (Formerly Sec. 36-99). Mortgage loans.
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Sec. 36a-261. (Formerly Sec. 36-99). Mortgage loans. (a) As used in this section, the term “mortgage loan” means a loan, line of credit or letter of credit secured wholly or substantially by a lien on or interest in real estate, including a leasehold interest, for which the lien …
Conn. Gen. Stat. § 36a-262 (Formerly Sec. 36-98b). Limitations on liabilities of any one obligor. Exemptions.
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Sec. 36a-262. (Formerly Sec. 36-98b). Limitations on liabilities of any one obligor. Exemptions. (a) Except as otherwise provided in this section, the total direct or indirect liabilities of any one obligor that are not fully secured, however incurred, to any Connecticut bank, ex…
Conn. Gen. Stat. § 36a-263 Insider loans.
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Sec. 36a-263. Insider loans. (a) As used in this section, “executive officer” has the meaning given to such term in Section 215.2 of Federal Reserve Board Regulation O, 12 CFR Part 215, as from time to time amended. With the exception of Section 215.7 of Federal Reserve Board Reg…
Conn. Gen. Stat. § 36a-264 (Formerly Sec. 36-68). Loans secured by own stock or stock of holding company prohibited. Exception.
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Sec. 36a-264. (Formerly Sec. 36-68). Loans secured by own stock or stock of holding company prohibited. Exception. A capital stock Connecticut bank shall not make any loan on or discount any paper secured by a pledge of its own stock or of the stock of a holding company of which …
Conn. Gen. Stat. § 36a-265 (Formerly Sec. 36-9g). Alternative mortgage loan.
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Sec. 36a-265. (Formerly Sec. 36-9g). Alternative mortgage loan. (a)(1) “Mortgage loan” means a loan secured by a first mortgage on one, two, three or four family, owner-occupied residential real property; (2) “Standard mortgage loan” means a mortgage loan authorized by section 36…
Conn. Gen. Stat. § 36a-266 (Formerly Sec. 36-101). Investment in loans for repairs or reconstruction of property damaged by emergency.
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Sec. 36a-266. (Formerly Sec. 36-101). Investment in loans for repairs or reconstruction of property damaged by emergency. A Connecticut bank may invest its assets in loans, the proceeds of which are to be used solely for the repair or reconstruction of property damaged as a resul…
Conn. Gen. Stat. § 36a-267 Reverse annuity mortgage loans. Counseling, certification requirements. Penalties for violations.
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Sec. 36a-267. Reverse annuity mortgage loans. Counseling, certification requirements. Penalties for violations. (a) No entity, including, but not limited to, any state or federally chartered bank or state or federally chartered credit union, shall accept a final and complete appl…
Conn. Gen. Stat. §§ 36a-268 to 36a-274 36a-268 to 36a-274
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Secs. 36a-268 to 36a-274. Reserved for future use. PART III INVESTMENTS
Conn. Gen. Stat. § 36a-275 Investments in debt securities and debt mutual funds.
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Sec. 36a-275. Investments in debt securities and debt mutual funds. (a) As used in this section, the term “debt securities” means (1) any marketable obligation evidencing indebtedness of any person in the form of direct, assumed or guaranteed bonds, notes or debentures or any sec…
Conn. Gen. Stat. § 36a-276 Investments in equity securities and equity mutual funds.
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Sec. 36a-276. Investments in equity securities and equity mutual funds. (a) As used in this section: (1) “Equity security” means any stock or similar security, certificate of interest or participation in any profit-sharing agreement, preorganization certificate or subscription, t…
Conn. Gen. Stat. § 36a-277 Social purpose investments.
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Sec. 36a-277. Social purpose investments. (a) In addition to other investments authorized by sections 36a-275, and 36a-276, this section and section 36a-280, any Connecticut bank may purchase or hold for its own account the following securities, without regard to any other liabil…
Conn. Gen. Stat. §§ 36a-278 and 36a-279 Investment in commercial paper. Leeway.
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Secs. 36a-278 and 36a-279. Investment in commercial paper. Leeway. Sections 36a-278 and 36a-279 are repealed. (P.A. 94-122, S. 127, 128, 340; P.A. 95-70, S. 6, 8; P.A. 96-44, S. 9.)
Conn. Gen. Stat. § 36a-280 Investment policy of bank governing board. Review by board.
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Sec. 36a-280. Investment policy of bank governing board. Review by board. (a) At least once a year, the governing board of each Connecticut bank shall adopt an investment policy governing investments made pursuant to sections 36a-275 to 36a-277, inclusive. No Connecticut bank sha…
Conn. Gen. Stat. §§ 36a-281 to 36a-284 36a-281 to 36a-284
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Secs. 36a-281 to 36a-284. Reserved for future use. PART IV MISCELLANEOUS POWERS. LIMITATIONS
Conn. Gen. Stat. § 36a-285 (Formerly Sec. 36-142). Savings banks life insurance.
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Sec. 36a-285. (Formerly Sec. 36-142). Savings banks life insurance. (a) As used in this section, unless the context otherwise requires: “Insurance bank” means a savings bank which has established an insurance department; “savings department” means any department of an insurance b…
Conn. Gen. Stat. § 36a-286 Investments and loans held by Connecticut banks on January 1, 1995.
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Sec. 36a-286. Investments and loans held by Connecticut banks on January 1, 1995. Each investment and loan held by a Connecticut bank on January 1, 1995, which qualified as an authorized investment or loan at the time it was acquired or committed for, shall be deemed qualified as…
Conn. Gen. Stat. § 36a-287 Compliance with federal Currency and Foreign Transactions Reporting Act.
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Sec. 36a-287. Compliance with federal Currency and Foreign Transactions Reporting Act. Each Connecticut bank shall comply with the applicable provisions of the Currency and Foreign Transactions Reporting Act, 31 USC Section 5311 et seq., as from time to time amended, and any regu…
Conn. Gen. Stat. §§ 36a-288 and 36a-289 36a-288 and 36a-289
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Secs. 36a-288 and 36a-289. Reserved for future use.