Connecticut § 36a-183 (Formerly Sec. 36-422). Applicability and construction of sections 36a-180 to 36a-191, inclusive.

Connecticut Statutes

§ 36a-183 — (Formerly Sec. 36-422). Applicability and construction of sections 36a-180 to 36a-191, inclusive.

Connecticut·Title 36a The Banking Law of Connecticut·Ch. 664c Fundamental Changes Involving Banks, Branches, Automated Teller Machines, Virtual Banking and Bank Holding Companies

(a)The application of sections 36a-180 to 36a-191, inclusive, shall not be affected by the fact that a transaction takes place wholly or partly outside this state or that a company is organized or operates outside this state. Notwithstanding the provisions of subsection (b) of section 33-920, any holding company, whether organized or incorporated or existing under or by virtue of the laws of this state or otherwise, shall be deemed to be transacting business in this state for the purposes of being subject to the provisions of sections 36a-180 to 36a-191, inclusive, and to the jurisdiction of the courts of this state.

(b)Nothing in sections 36a-180 to 36a-191 , inclusive, shall be construed to prohibit a company from being both a bank holding company and a savings and loan holding company

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(a) The application of sections 36a-180 to 36a-191, inclusive, shall not be affected by the fact that a transaction takes place wholly or partly outside this state or that a company is organized or operates outside this state. Notwithstanding the provisions of subsection (b) of section 33-920, any holding company, whether organized or incorporated or existing under or by virtue of the laws of this state or otherwise, shall be deemed to be transacting business in this state for the purposes of being subject to the provisions of sections 36a-180 to 36a-191, inclusive, and to the jurisdiction of the courts of this state. (b) Nothing in sections 36a-180 to 36a-191 , inclusive, shall be construed to prohibit a company from being both a bank holding company and a savings and loan holding company.

Connecticut § 36a-183 ((Formerly Sec. 36-422). Applicability and construction of sections 36a-180 to 36a-191, inclusive.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(1969, P.A. 598, S. 8; P.A. 82-194, S. 4, 14; P.A. 94-122, S. 76, 340; P.A. 96-271, S. 201, 254.) History: P.A. 82-194 added Subsec. (b) construing chapter 658; P.A. 94-122 made technical changes, effective January 1, 1995; Sec. 36-422 transferred to Sec. 36a-183 in 1995; P.A. 96-271 amended Subsec. (a) to replace reference to “section 33-397” with “subsection (b) of section 33-920”, effective January 1, 1997.