General Assembly Raised Bill No. 5159
February Session, 2014 LCO No. 846
*_____HB05159BA____032014____*
Referred to Committee on BANKS
Introduced by:
(BA)
General Assembly
Raised Bill No. 5159
February Session, 2014
LCO No. 846
*_____HB05159BA____032014____*
Referred to Committee on BANKS
Introduced by:
(BA)
AN ACT CONCERNING CONNECTICUT BANKS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subsection (a) of section 36a-250 of the general statutes is amended by adding subdivision (43) as follows (Effective October 1, 2014):
(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.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2014 36a-250(a)
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2014
36a-250(a)
BA Joint Favorable
BA
Joint Favorable