Chapter 666. Out-of-State Banks
Section
36a-410(Formerly Sec. 36-552). Definitions.36a-410aMergers between Connecticut and out-of-state banks authorized. Interstate branching.36a-411(Formerly Sec. 36-553). Out-of-state holding companies: Powers re interstate acquisitions and establishment of banks and Connecticut holding companies.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.36a-413(Formerly Sec. 36-558). Severability.36a-414 to 36a-42436a-414 to 36a-42436a-425(Formerly Sec. 36-5a). Foreign banking corporations not to do business in this state. Excepted activities.36a-426(Formerly Sec. 36-5g). Foreign banking corporations authorized to bring certain actions in the courts of this state.36a-42736a-42736a-428Foreign banks authorized to establish and maintain state branches and state agencies, subject to the regulations and orders of the commissioner. License requirements.36a-428aApplication 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.36a-428bOperation 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.36a-428cDeposit 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.36a-428dCertification of paid-in capital stock, surplus fund and undivided profits; limitation or restriction.36a-428eConversion of state agency to state branch, state branch to state agency, and federal branch or federal agency to state branch or state agency.36a-428fPrior notice by foreign bank of change in its place of business, its corporate name and the business it proposes to do in this state.36a-428gRepresentative office; licensing requirements; application; fee; renewal; content of license; investigation of facts by commissioner. Foreign bank subject to regulations and orders of commissioner.36a-428hBooks, accounts and records to be maintained and available at state branch, state agency or representative office. Reports to commissioner.36a-428iNotice of acquisition of control or merger of foreign bank.36a-428jRevocation, suspension or refusal to renew license to maintain state branch, state agency or representative office.36a-428kVoluntary liquidation of business and property of state branches and state agencies.36a-428lInvestigation 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.36a-428mCertain public officials and state employees barred from employment with Swiss Bank prior to January 1, 1996.36a-428nInvoluntary liquidation of business and property of foreign banks having a state branch or state agency.36a-429 to 36a-43436a-429 to 36a-434