This legal document, formerly known as Section 36-193u, governs the merger and consolidation of Connecticut banks. It allows any two or more Connecticut banks to merge or consolidate into a single Connecticut bank with the approval of the commissioner. The resulting bank can operate as a bank and trust company, or a capital stock or mutual savings bank or savings and loan association. The document outlines the requirements for the merger or consolidation agreement, including the proposed certificate of incorporation, details of the resulting bank, and the conversion of shares.

This legal document governs the conversions of a mutual institution into another mutual institution. It applies to mutual savings banks, federal mutual savings banks, mutual savings and loan associations, and federal mutual savings and loan associations. However, it does not apply to the conversion of a mutual federal bank into another mutual federal bank. The document outlines the requirements for such conversions, including the filing of a proposed plan of conversion, approval by the governing board and depositors/members, and compliance with federal law for conversions involving federal institutions.

This legal document, formerly known as Section 36-142m, governs the conversion of mutual institutions to capital stock banks in the state of Connecticut. It applies to mutual savings banks, mutual savings and loan associations, federal mutual savings banks, and federal mutual savings and loan associations. However, it does not apply to the conversion of a mutual federal bank to a capital stock federal bank. The document outlines the requirements and procedures for conversion, including the filing of a proposed plan of conversion, approval by the governing board and depositors/members, and the establishment of a liquidation account for account holders.

This legal document governs the conversion of a capital stock bank into another capital stock bank. It applies to capital stock Connecticut banks and capital stock federal banks. The document outlines the requirements for approval by the commissioner, the filing of a proposed plan of conversion, and the approval process by the governing board and shareholders. It also mentions the entitlement of shareholders to assert appraisal rights and obtain payment of the fair value of their shares.

This legal document governs the conversion of a capital stock bank into a mutual bank. It applies to capital stock banks and provides the process and requirements for such conversions. However, it does not apply to the conversion of a capital stock federal bank into a mutual federal bank. The document states that the commissioner must approve the conversion if certain conditions are met, including compliance with applicable laws, serving public necessity and convenience, and having adequate equity capital.

This legal document, formerly known as Section 36-425, pertains to public hearings and the disapproval of plans in relation to the acquisition of banks, holding companies, and other entities. The document outlines the criteria for disapproval, including the inability of the bank to meet the requirements for banking operations, potential financial instability caused by the acquiring person, unfair terms in tender or exchange offers, unfair or prejudicial plans or proposals, concerns regarding the acquiring person’s competence, experience, and integrity, and adverse effects on the public interest.

This legal document, formerly known as Section 36-30, governs the transfer of assets for Connecticut banks. It states that a Connecticut bank may transfer all or a significant part of its assets or business to another bank with the approval of the commissioner. The transferring bank must have been in existence and continuously operating for at least five years, unless waived by the commissioner. The commissioner shall not approve the transfer if the acquiring bank would control thirty percent or more of the total amount of deposits of insured depository institutions in the state, unless permitted by the commissioner.

This section of the General Statutes of Connecticut, specifically under The Banking Law of Connecticut, governs the extensions of credit to directors, executive officers, principal shareholders, and their related interests and associates. Connecticut banks are required to comply with the restrictions outlined in 12 CFR Section 337.3, with the exception of Section 215.7 of Federal Reserve Board Regulation O. No executive officer, director, employee, agent, or other person shall participate in any conduct that violates this subsection.

This section of the General Statutes of Connecticut, specifically within The Banking Law of Connecticut, governs the process of mergers involving credit unions in Connecticut. It outlines the requirements and procedures for Connecticut credit unions to merge with other Connecticut credit unions, federal credit unions, or out-of-state credit unions. The approval of the commissioner is necessary for such mergers. The document specifies the necessary steps for credit unions proposing to merge, including the adoption of a plan of merger, entering into a merger agreement, filing an application with the commissioner, and providing financial statements.

This legal document governs the process of converting a Connecticut credit union into a federal credit union. It applies to Connecticut credit unions that have been in existence and continuously operating for at least five years. The document outlines the requirements for conversion, including the filing of an application with the commissioner, adoption of a plan of conversion by the governing board, and compliance with applicable federal laws. It also specifies the voting process for members of the converting credit union and the approval criteria set by the commissioner.