Conn. Gen. Stat. § 36a-463b

Relocation of main office of Connecticut credit union with approval of commissioner

Known as the Connecticut Credit Union Act

The act spans §§ 36–36 (71 sections).

(P.A. 02-73, S. 66; P.A. 03-84, S. 68.) History: P.A. 03-84 changed “Commissioner of Banking” to “commissioner”, effective June 3, 2003.

(a) With the approval of the commissioner, a Connecticut credit union may relocate its main office anywhere within the state.

(b) The commissioner, before granting an approval under subsection (a) of this section, shall consider: (1) The field of membership of the Connecticut credit union to be served by the proposed relocation of the main office of the Connecticut credit union; (2) the adequacy of the current main office of the Connecticut credit union; (3) the economic need for and cost of such proposed relocation; and (4) the convenience and necessity to the field of membership of the proposed relocation.

Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.