Title 36a — Title 36a: The Banking Law of Connecticut
12 chapters · 703 sections in this title.
Conn. Gen. Stat. § 36a-410 (Formerly Sec. 36-552). Definitions.
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Sec. 36a-410. (Formerly Sec. 36-552). Definitions. As used in sections 36a-410 to 36a-413, inclusive, unless the context otherwise requires: (1) “Branch” means a domestic branch as defined in 12 USC Section 1813, as from time to time amended, except that “branch” includes any bra…
Conn. Gen. Stat. § 36a-410a Mergers between Connecticut and out-of-state banks authorized. Interstate branching.
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Sec. 36a-410a. Mergers between Connecticut and out-of-state banks authorized. Interstate branching. It is the purpose of public act 95-155* to permit interstate merger transactions between banks in Connecticut and out-of-state banks prior to June 1, 1997, and to permit de novo in…
Conn. Gen. Stat. § 36a-411 (Formerly Sec. 36-553). Out-of-state holding companies: Powers re interstate acquisitions and establishment of banks and Connecticut holding companies.
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Sec. 36a-411. (Formerly Sec. 36-553). Out-of-state holding companies: Powers re interstate acquisitions and establishment of banks and Connecticut holding companies. Any out-of-state holding company may, with the approval of the commissioner, acquire and retain direct or indirect…
Conn. Gen. Stat. § 36a-412 (Formerly Sec. 36-555). Out-of-state banks: Merger, consolidation and acquisition. De novo branches. Powers of branches. Loan production offices. Applicability of Connecticut law. Commissioner approval.
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Sec. 36a-412. (Formerly Sec. 36-555). Out-of-state banks: Merger, consolidation and acquisition. De novo branches. Powers of branches. Loan production offices. Applicability of Connecticut law. Commissioner approval. (a)(1) Any out-of-state bank, whether or not owned or controlle…
Conn. Gen. Stat. § 36a-413 (Formerly Sec. 36-558). Severability.
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Sec. 36a-413. (Formerly Sec. 36-558). Severability. If any section contained in sections 36a-410 to 36a-412, inclusive, or any part thereof, is declared to be invalid or unenforceable by any court of competent jurisdiction, such judgment shall affect only that section or part the…
Conn. Gen. Stat. §§ 36a-414 to 36a-424 36a-414 to 36a-424
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Secs. 36a-414 to 36a-424. Reserved for future use. PART II FOREIGN BANKS (A) LIMITATIONS ON FOREIGN BANKING CORPORATIONS
Conn. Gen. Stat. § 36a-425 (Formerly Sec. 36-5a). Foreign banking corporations not to do business in this state. Excepted activities.
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Sec. 36a-425. (Formerly Sec. 36-5a). Foreign banking corporations not to do business in this state. Excepted activities. (a) Except as otherwise provided in this title, no foreign banking corporation shall transact in this state the business authorized by its certificate of incor…
Conn. Gen. Stat. § 36a-426 (Formerly Sec. 36-5g). Foreign banking corporations authorized to bring certain actions in the courts of this state.
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Sec. 36a-426. (Formerly Sec. 36-5g). Foreign banking corporations authorized to bring certain actions in the courts of this state. A foreign banking corporation, as defined in subsection (a) of section 36a-425, which has made or makes any loan or has granted or grants an extensio…
Conn. Gen. Stat. § 36a-427 36a-427
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Sec. 36a-427. Reserved for future use. (B)* STATE BRANCHES, STATE AGENCIES ANDREPRESENTATIVE OFFICES OF FOREIGN BANKS *See Sec. 12-217u re tax credit for financial institutions constructing new facilities and creating new jobs. See Sec. 32-462 re limitation on the amount of finan…
Conn. Gen. Stat. § 36a-428 Foreign banks authorized to establish and maintain state branches and state agencies, subject to the regulations and orders of the commissioner. License requirements.
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Sec. 36a-428. Foreign banks authorized to establish and maintain state branches and state agencies, subject to the regulations and orders of the commissioner. License requirements. A foreign bank may establish and maintain in this state one or more state branches upon receipt of …
Conn. Gen. Stat. § 36a-428a Application for license to establish and maintain state branch or state agency. Application form, supporting documents, fee. Investigation by commissioner and issuance of license. Display of license. License may not be transferred or assigned.
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Sec. 36a-428a. Application for license to establish and maintain state branch or state agency. Application form, supporting documents, fee. Investigation by commissioner and issuance of license. Display of license. License may not be transferred or assigned. (a) Application for a…
Conn. Gen. Stat. § 36a-428b Operation of foreign bank at state branch or state agency, rights, privileges, duties, restrictions, etc., exceptions. Deposit insurance from FDIC not required. Not subject to certain statutory provisions, when. Assessment for expenses of commissioner's office.
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Sec. 36a-428b. Operation of foreign bank at state branch or state agency, rights, privileges, duties, restrictions, etc., exceptions. Deposit insurance from FDIC not required. Not subject to certain statutory provisions, when. Assessment for expenses of commissioner's office. (a)…
Conn. Gen. Stat. § 36a-428c Deposit of assets by foreign bank. Holding of currency or other assets in relation to liabilities. Unusual and extraordinary circumstances; deposit of assets with banks designated by commissioner.
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Sec. 36a-428c. Deposit of assets by foreign bank. Holding of currency or other assets in relation to liabilities. Unusual and extraordinary circumstances; deposit of assets with banks designated by commissioner. (a) Upon and after establishing a state branch or state agency in th…
Conn. Gen. Stat. § 36a-428d Certification of paid-in capital stock, surplus fund and undivided profits; limitation or restriction.
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Sec. 36a-428d. Certification of paid-in capital stock, surplus fund and undivided profits; limitation or restriction. (a) Before establishing a state branch or state agency in this state, and annually thereafter, a foreign bank licensed under section 36a-428a shall certify to the…
Conn. Gen. Stat. § 36a-428e Conversion of state agency to state branch, state branch to state agency, and federal branch or federal agency to state branch or state agency.
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Sec. 36a-428e. Conversion of state agency to state branch, state branch to state agency, and federal branch or federal agency to state branch or state agency. The commissioner may, subject to such regulations as the commissioner may adopt, authorize (1) the conversion of a state …
Conn. Gen. Stat. § 36a-428f Prior notice by foreign bank of change in its place of business, its corporate name and the business it proposes to do in this state.
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Sec. 36a-428f. Prior notice by foreign bank of change in its place of business, its corporate name and the business it proposes to do in this state. Any foreign bank licensed to establish and maintain a state branch or state agency in this state shall file prior notice with the c…
Conn. Gen. Stat. § 36a-428g Representative office; licensing requirements; application; fee; renewal; content of license; investigation of facts by commissioner. Foreign bank subject to regulations and orders of commissioner.
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Sec. 36a-428g. Representative office; licensing requirements; application; fee; renewal; content of license; investigation of facts by commissioner. Foreign bank subject to regulations and orders of commissioner. (a) No person shall establish or maintain a representative office i…
Conn. Gen. Stat. § 36a-428h Books, accounts and records to be maintained and available at state branch, state agency or representative office. Reports to commissioner.
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Sec. 36a-428h. Books, accounts and records to be maintained and available at state branch, state agency or representative office. Reports to commissioner. (a) Each foreign bank licensed to maintain a state branch, state agency or representative office in this state shall maintain…
Conn. Gen. Stat. § 36a-428i Notice of acquisition of control or merger of foreign bank.
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Sec. 36a-428i. Notice of acquisition of control or merger of foreign bank. (a) A foreign bank licensed to maintain a state branch, state agency or representative office in this state shall file with the commissioner a notice, in such form and containing such information as the co…
Conn. Gen. Stat. § 36a-428j Revocation, suspension or refusal to renew license to maintain state branch, state agency or representative office.
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Sec. 36a-428j. Revocation, suspension or refusal to renew license to maintain state branch, state agency or representative office. A license issued to a foreign bank to maintain a state branch, state agency or representative office in this state shall be revoked when voluntarily …
Conn. Gen. Stat. § 36a-428k Voluntary liquidation of business and property of state branches and state agencies.
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Sec. 36a-428k. Voluntary liquidation of business and property of state branches and state agencies. (a) Any foreign bank which (1) has been licensed to establish and maintain a state branch or state agency in this state the assets of which in this state exceed the liabilities of …
Conn. Gen. Stat. § 36a-428l Investigation and examination concerning foreign bank licensed to maintain state branch, state agency or representative office. Commissioner's powers; duties of foreign bank; cost of examination; penalties.
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Sec. 36a-428l. Investigation and examination concerning foreign bank licensed to maintain state branch, state agency or representative office. Commissioner's powers; duties of foreign bank; cost of examination; penalties. (a) The commissioner may make such public or private inves…
Conn. Gen. Stat. § 36a-428m Certain public officials and state employees barred from employment with Swiss Bank prior to January 1, 1996.
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Sec. 36a-428m. Certain public officials and state employees barred from employment with Swiss Bank prior to January 1, 1996. Section 36a-428m is repealed, effective October 1, 2002. (Oct. Sp. Sess. P.A. 94-1, S. 20, 21; S.A. 02-12, S. 1.)
Conn. Gen. Stat. § 36a-428n Involuntary liquidation of business and property of foreign banks having a state branch or state agency.
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Sec. 36a-428n. Involuntary liquidation of business and property of foreign banks having a state branch or state agency. (a) As used in this section: (1) “Branch or agency net payment entitlement” means, with respect to a qualified financial contract, the amount, if any, that woul…
Conn. Gen. Stat. §§ 36a-429 to 36a-434 36a-429 to 36a-434
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Secs. 36a-429 to 36a-434. Reserved for future use.