No corporation shall be considered as transacting the business of or promoting the purpose of a bank and trust company, capital stock savings and loan association or capital stock savings bank for any purpose including the purposes of section 33-645 by reason of the ownership of shares or other securities of a capital stock bank.
Conn. Gen. Stat. § 36a-182
(Formerly Sec. 36-421). Ownership of bank shares not to be considered as transacting banking business
Known as the Connecticut Bank Holding Company and Bank Acquisition Act
The act spans §§ 36a-125 to 36a-240 (78 sections).
(1969, P.A. 598, S. 7; P.A. 78-121, S. 110, 113; P.A. 82-194, S. 3, 14; P.A. 83-406, S. 9, 11; P.A. 88-65, S. 36; P.A. 94-122, S. 75, 340; P.A. 96-271, S. 200, 254.) History: P.…
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.