2012 Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Chapter 667 - Credit Unions
Section 36a-463b - Relocation of main office of Connecticut credit union with approval of commissioner.
(a) With the approval of the commissioner, a Connecticut credit union may relocate its main office anywhere within the state.
(b) The commissioner, before granting an approval under subsection (a) of this section, shall consider: (1) The field of membership of the Connecticut credit union to be served by the proposed relocation of the main office of the Connecticut credit union; (2) the adequacy of the current main office of the Connecticut credit union; (3) the economic need for and cost of such proposed relocation; and (4) the convenience and necessity to the field of membership of the proposed relocation.
(P.A. 02-73, S. 66; P.A. 03-84, S. 68.)
History: P.A. 03-84 changed “Commissioner of Banking” to “commissioner”, effective June 3, 2003.
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