Connecticut § 36a-111 Acquisition and disposal of own stock.

Connecticut Statutes

§ 36a-111 — Acquisition and disposal of own stock.

Connecticut § 36a-111

Title 36aThe Banking Law of Connecticut

Ch. 664bCorporate Organization and Administration of Connecticut Banks

This text of Connecticut § 36a-111 (Acquisition and disposal of own stock.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 36a-111 (2026).

Text

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.

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Legislative History

(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 provision re exclusion of restricted portion of bank's surplus from the bank's equity capital in computing the bank's loan and investment limitations, effective January 1, 1997.