Connecticut § 36a-629 Safe and sound business practice required.

Connecticut Statutes

§ 36a-629 — Safe and sound business practice required.

Connecticut § 36a-629

Title 36aThe Banking Law of Connecticut

Ch. 668Nondepository Financial Institutions

This text of Connecticut § 36a-629 (Safe and sound business practice required.) 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-629 (2026).

Text

(a)Each licensee shall transact its business in a safe and sound manner and shall maintain itself in a safe and sound condition.

(b)No licensee or the directors or officers of such licensee, if such licensee is a corporation, shall commit any unsafe or unsound act.

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Legislative History

(P.A. 93-382, S. 60, 69; P.A. 94-122, S. 291, 340.) History: P.A. 93-382 effective July 1, 1993; P.A. 94-122 inserted “if such licensee is a corporation” in Subsec. (b), effective January 1, 1995.