Connecticut § 36a-237g Disposition of fiduciary records re fiduciary accounts of trust banks and innovation banks.

Connecticut Statutes

§ 36a-237g — Disposition of fiduciary records re fiduciary accounts of trust banks and innovation banks.

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)All fiduciary records relating to the administration of fiduciary accounts of a trust bank or innovation bank shall be turned over to the successor fiduciary, as defined in section 45a-245a, in charge of administration of the accounts. The receiver may devise a method for the effective, efficient and economical maintenance of all other records of the trust bank or innovation bank and of the receiver's office.

(b)On approval by the Superior Court, the receiver may dispose of records of the trust bank or innovation bank in receivership that are obsolete and unnecessary to the continued administration of the receivership proceeding.

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(a) All fiduciary records relating to the administration of fiduciary accounts of a trust bank or innovation bank shall be turned over to the successor fiduciary, as defined in section 45a-245a, in charge of administration of the accounts. The receiver may devise a method for the effective, efficient and economical maintenance of all other records of the trust bank or innovation bank and of the receiver's office. (b) On approval by the Superior Court, the receiver may dispose of records of the trust bank or innovation bank in receivership that are obsolete and unnecessary to the continued administration of the receivership proceeding.

Connecticut § 36a-237g (Disposition of fiduciary records re fiduciary accounts of trust banks and innovation banks.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 04-136, S. 31; June Sp. Sess. P.A. 24-1, S. 26.) History: P.A. 04-136 effective May 12, 2004; June Sp. Sess. P.A. 24-1 changed references from “uninsured bank” to “innovation bank”, effective July 1, 2024.