General Assembly Raised Bill No. 5160
February Session, 2014 LCO No. 847
*00847_______BA_*
Referred to Committee on BANKS
Introduced by:
(BA)
General Assembly
Raised Bill No. 5160
February Session, 2014
LCO No. 847
*00847_______BA_*
Referred to Committee on BANKS
Introduced by:
(BA)
AN ACT CONCERNING SECURED AND UNSECURED LENDING.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subdivision (21) of subsection (a) of section 36a-250 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2014):
(21) Make secured and unsecured loans and issue letters of credit, [as authorized by and subject to section 36a-260] except as otherwise expressly limited by sections 36a-261 to 36a-265, inclusive;
Sec. 2. Section 36a-260 of the general statutes is repealed. (Effective October 1, 2014)
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2014 36a-250(a)(21)
Sec. 2 October 1, 2014 Repealer section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2014
36a-250(a)(21)
Sec. 2
October 1, 2014
Repealer section
Statement of Purpose:
To repeal a duplicate provision in the general statutes.
[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.]