At such time as national banking associations having their main offices in this state are permitted to establish and use point of sale terminals, or other functionally equivalent devices, for transactions not permitted to be conducted at point of sale terminals, all banks, Connecticut credit unions and federal credit unions shall have the same powers permitted national banking associations with respect to the use of point of sale terminals or other functionally equivalent devices, provided the commissioner authorizes such use.
Conn. Gen. Stat. § 36a-159
(Formerly Sec. 36-193h). Transactions at point of sale terminals. Changes in transactions permitted
Known as the Connecticut Bank Holding Company and Bank Acquisition Act
The act spans §§ 36–36 (78 sections).
(P.A. 75-373, S. 8, 9; P.A. 77-614, S. 161, 610; P.A. 87-9, S. 2, 3; P.A. 94-122, S. 72, 340.) History: P.A. 77-614 replaced bank commissioner with banking commissioner, effecti…
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.