Connecticut § 36a-463b Relocation of main office of Connecticut credit union with approval of commissioner.

Connecticut Statutes

§ 36a-463b — Relocation of main office of Connecticut credit union with approval of commissioner.

Connecticut·Title 36a The Banking Law of Connecticut·Ch. 667 Credit Unions

(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.

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(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.

Connecticut § 36a-463b (Relocation of main office of Connecticut credit union with approval of commissioner.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.