Connecticut § 36a-436b Issuance of certificate of authority to engage in business of Connecticut credit union.

Connecticut Statutes

§ 36a-436b — Issuance of certificate of authority to engage in business of Connecticut credit union.

Connecticut § 36a-436b

Title 36aThe Banking Law of Connecticut

Ch. 667Credit Unions

This text of Connecticut § 36a-436b (Issuance of certificate of authority to engage in business of Connecticut credit union.) 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-436b (2026).

Text

(a)No person shall, or have the power to, engage in the business of a Connecticut credit union in this state until such person has obtained a certificate of authority to engage in the business of a Connecticut credit union from the commissioner.

(b)No person shall use, either as a part of its name or as a prefix or suffix thereto or as a designation of the business carried on by it, the phrase “credit union” or “mutual benefit association”, except a Connecticut credit union, a federal credit union or a credit union otherwise authorized to engage in business in this state under this title. The provisions of this subsection shall not apply to an association of credit unions or a credit union service organization located in this state.

(c)A certificate of authority shall be issued by the c

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(a) No person shall, or have the power to, engage in the business of a Connecticut credit union in this state until such person has obtained a certificate of authority to engage in the business of a Connecticut credit union from the commissioner. (b) No person shall use, either as a part of its name or as a prefix or suffix thereto or as a designation of the business carried on by it, the phrase “credit union” or “mutual benefit association”, except a Connecticut credit union, a federal credit union or a credit union otherwise authorized to engage in business in this state under this title. The provisions of this subsection shall not apply to an association of credit unions or a credit union service organization located in this state. (c) A certificate of authority shall be issued by the commissioner to an applicant meeting the requirements of section 36a-437a . (d) A certificate of authority issued under this section may be revoked by the commissioner for cause in accordance with section 36a-51 .

Legislative History

(P.A. 02-73, S. 37; P.A. 03-84, S. 46.) History: P.A. 03-84 changed “Commissioner of Banking” to “commissioner” in Subsecs. (a), (c) and (d), effective June 3, 2003.