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2019 Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Chapter 666 - Out-of-State Banks
PART I
INTERSTATE BANKING
FOREIGN BANKS
(A)
LIMITATIONS ON FOREIGN BANKING CORPORATIONS
STATE BRANCHES, STATE AGENCIES ANDREPRESENTATIVE OFFICES OF FOREIGN BANKS
INTERSTATE BANKING
- Section 36a-410 - (Formerly Sec. 36-552). Definitions.
- Section 36a-410a - Mergers between Connecticut and out-of-state banks authorized. Interstate branching.
- Section 36a-411 - (Formerly Sec. 36-553). Out-of-state holding companies: Powers re interstate acquisitions and establishment of banks and Connecticut holding companies.
- Section 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.
- Section 36a-413 - (Formerly Sec. 36-558). Severability.
- Section 36a-414 to 36a-424 - Reserved for future use.
FOREIGN BANKS
(A)
LIMITATIONS ON FOREIGN BANKING CORPORATIONS
- Section 36a-425 - (Formerly Sec. 36-5a). Foreign banking corporations not to do business in this state. Excepted activities.
- Section 36a-426 - (Formerly Sec. 36-5g). Foreign banking corporations authorized to bring certain actions in the courts of this state.
- Section 36a-427 - Reserved for future use.
STATE BRANCHES, STATE AGENCIES ANDREPRESENTATIVE OFFICES OF FOREIGN BANKS
- Section 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.
- Section 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.
- Section 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.
- Section 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.
- Section 36a-428d - Certification of paid-in capital stock, surplus fund and undivided profits; limitation or restriction.
- Section 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.
- Section 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.
- Section 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.
- Section 36a-428h - Books, accounts and records to be maintained and available at state branch, state agency or representative office. Reports to commissioner.
- Section 36a-428i - Notice of acquisition of control or merger of foreign bank.
- Section 36a-428j - Revocation, suspension or refusal to renew license to maintain state branch, state agency or representative office.
- Section 36a-428k - Voluntary liquidation of business and property of state branches and state agencies.
- Section 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.
- Section 36a-428m - Certain public officials and state employees barred from employment with Swiss Bank prior to January 1, 1996.
- Section 36a-428n - Involuntary liquidation of business and property of foreign banks having a state branch or state agency.
- Section 36a-429 to 36a-434 - Reserved for future use.
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