Connecticut § 36a-536 (Formerly Sec. 36-255). License required. Location of licensed activity.

Connecticut Statutes

§ 36a-536 — (Formerly Sec. 36-255). License required. Location of licensed activity.

Connecticut § 36a-536

Title 36aThe Banking Law of Connecticut

Ch. 668Nondepository Financial Institutions

This text of Connecticut § 36a-536 ((Formerly Sec. 36-255). License required. Location of licensed activity.) 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-536 (2026).

Text

No person, unless excluded from the definition of a “sales finance company” as provided in section 36a-535, shall engage in the business of a sales finance company unless such person has obtained a license for its main office and for each branch office where such business is conducted in accordance with the provisions of sections 36a-535 to 36a-547, inclusive. Any activity subject to licensure pursuant to sections 36a-535 to 36a-547, inclusive, shall be conducted from an office located in a state, as defined in section 36a-2. A licensee under sections 36a-535 to 36a-547, inclusive, shall not be required to obtain any other license in this state in order to perform any act permitted or required to be performed by such licensee under said sections.

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No person, unless excluded from the definition of a “sales finance company” as provided in section 36a-535, shall engage in the business of a sales finance company unless such person has obtained a license for its main office and for each branch office where such business is conducted in accordance with the provisions of sections 36a-535 to 36a-547, inclusive. Any activity subject to licensure pursuant to sections 36a-535 to 36a-547, inclusive, shall be conducted from an office located in a state, as defined in section 36a-2. A licensee under sections 36a-535 to 36a-547, inclusive, shall not be required to obtain any other license in this state in order to perform any act permitted or required to be performed by such licensee under said sections.

Legislative History

(1949 Rev., S. 5964 (1), (6); March, 1958, P.A. 27, S. 32; P.A. 81-128, S. 6; P.A. 94-122, S. 250, 340; P.A. 18-173, S. 24.) History: P.A. 81-128 eliminated reference to repealed Subsec. (h) of Sec. 36-254 and clarified licensing exemption; P.A. 94-122 made technical changes, effective January 1, 1995; Sec. 36-255 transferred to Sec. 36a-536 in 1995; P.A. 18-173 replaced reference to person licensed as provided in Secs. 36a-535 to 36a-546 with provision re person obtaining license for main office and each branch office, added provision re activities to be conducted from office located in a state, and made a conforming change.