Subject to the approval of the commissioner, a capital stock Connecticut bank may acquire and dispose of its own stock pursuant to section 33-684 provided no such acquisition shall reduce the bank's equity capital below the minimum for a capital stock Connecticut bank as required by section 36a-70 .
Conn. Gen. Stat. § 36a-111
Acquisition and disposal of own stock
(P.A. 94-122, S. 58, 340; P.A. 96-271, S. 196, 254.) History: P.A. 94-122 effective January 1, 1995; P.A. 96-271 replaced reference to Sec. 33-358 with Sec. 33-684 and deleted p…
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.