Connecticut 2014 Regular Session

Connecticut House Bill HB05159 Compare Versions

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11 General Assembly Raised Bill No. 5159
22 February Session, 2014 LCO No. 846
3- *_____HB05159BA____032014____*
3+ *00846_______BA_*
44 Referred to Committee on BANKS
55 Introduced by:
66 (BA)
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88 General Assembly
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1010 Raised Bill No. 5159
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1212 February Session, 2014
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1414 LCO No. 846
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16-*_____HB05159BA____032014____*
16+*00846_______BA_*
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1818 Referred to Committee on BANKS
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2020 Introduced by:
2121
2222 (BA)
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2424 AN ACT CONCERNING CONNECTICUT BANKS.
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2626 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2828 Section 1. Subsection (a) of section 36a-250 of the general statutes is amended by adding subdivision (43) as follows (Effective October 1, 2014):
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3030 (NEW) (43) Organize an interim Connecticut bank pursuant to subsection (p) of section 36a-70 solely for the acquisition of an existing bank or to facilitate any other corporate transaction as provided in said subsection. Nothing in this subdivision shall be deemed to invalidate or otherwise affect any such acquisition or other transaction entered into prior to October 1, 2014.
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3535 This act shall take effect as follows and shall amend the following sections:
3636 Section 1 October 1, 2014 36a-250(a)
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3838 This act shall take effect as follows and shall amend the following sections:
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4040 Section 1
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4242 October 1, 2014
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4444 36a-250(a)
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46+Statement of Purpose:
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48+To clarify certain powers of Connecticut banks.
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48-BA Joint Favorable
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50-BA
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52-Joint Favorable
50+[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]