Connecticut § 36a-626 Definitions.

Connecticut Statutes

§ 36a-626 — Definitions.

Connecticut·Title 36a The Banking Law of Connecticut·Ch. 668 Nondepository Financial Institutions

As used in sections 36a-625 to 36a-634, inclusive, unless the context otherwise requires:

(1)“Business and industrial development corporation” means a person approved or seeking approval by the federal Small Business Administration as a participating lender under its loan guarantee programs, which applies to the commissioner for a license in accordance with sections 36a-625 to 36a-634 , inclusive.

(2)“License” means a license issued under sections 36a-625 to 36a-634 , inclusive, authorizing a person to transact business as a business and industrial development corporation.

(3)“Licensee” means a person that is licensed under sections 36a-625 to 36a-634 , inclusive.

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As used in sections 36a-625 to 36a-634, inclusive, unless the context otherwise requires: (1) “Business and industrial development corporation” means a person approved or seeking approval by the federal Small Business Administration as a participating lender under its loan guarantee programs, which applies to the commissioner for a license in accordance with sections 36a-625 to 36a-634 , inclusive. (2) “License” means a license issued under sections 36a-625 to 36a-634 , inclusive, authorizing a person to transact business as a business and industrial development corporation. (3) “Licensee” means a person that is licensed under sections 36a-625 to 36a-634 , inclusive.

Connecticut § 36a-626 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 93-382, S. 57, 69; P.A. 94-122, S. 288, 340.) History: P.A. 93-382 effective July 1, 1993; P.A. 94-122 deleted definitions of “commissioner” and “person” and made technical changes, effective January 1, 1995.