This legal document outlines the process for converting a federal or out-of-state credit union into a Connecticut credit union. The conversion requires compliance with federal or chartering state requirements, filing proof of compliance with the commissioner, and submitting an application with various documents. The commissioner will review the application and determine if the conversion serves the economic needs of the proposed field of membership, if the converting credit union has the managerial capacity and financial resources, if it has adequate net worth, and if its anti-money-laundering programs and compliance are adequate.

This legal document outlines the process for converting a Connecticut or federal credit union into a mutual savings bank, mutual savings and loan association, or mutual community bank. The conversion must comply with the provisions outlined in this document. For a federal credit union, the conversion must also be permitted by federal law and meet all federal requirements. The converting credit union is required to submit a proposed plan of conversion, including financial reports, a business plan, and a three-year financial forecast.

Sections 36a-595 to 36a-612, inclusive, shall be known and may be cited as the Money Transmission Act. (P.A. 81-264, S. 1; P.A. 01-56, S. 2; P.A. 13-253, S. 1.) History: Sec. 36-530 transferred to Sec. 36a-595 in 1995; P.A. 01-56 changed citation from Money Order and Travelers Check Licensees Act to Money Transmission Act; P.A. 13-253 added reference to Secs. 36a-611 and 36a-612.

This legal document governs the breach of security regarding computerized data containing personal information. It requires any person who owns, licenses, or maintains such data to provide notice of any breach of security to residents of Connecticut whose personal information was breached or reasonably believed to have been breached. The notice should be provided without unreasonable delay but not later than sixty days after the discovery of the breach. If additional residents are identified after sixty days, they should be notified as soon as possible.

The legal documents reviewed cover a wide range of topics related to the banking industry in Connecticut. They provide guidelines and regulations for various activities such as mergers, consolidations, conversions, establishment and closure of branches, operation of automated teller machines (ATMs), virtual banking, and the organization and operation of bank holding companies. The documents outline the requirements, procedures, and approval processes for these activities, including the filing of necessary documents, compliance with relevant laws, and obtaining approvals from the commissioner.

This legal document, found within The Banking Law of Connecticut, governs the permitted investments for Connecticut banks when holding funds and assets in a fiduciary capacity. Connecticut banks are allowed to invest in the same investments as trustees under section 45a-203, and additionally, they can invest in other investments authorized by the instrument, judgment, decree, or order creating the trust or fiduciary relationship. They are also permitted to sell or mortgage any real estate held in a fiduciary capacity.

The provided legal document content covers various aspects of out-of-state banks and their operations in Connecticut. The documents define terms related to out-of-state banking activities and specify their meanings in the context of out-of-state banks and branches. They also outline the powers of out-of-state holding companies regarding interstate acquisitions and the establishment of banks and Connecticut holding companies. The documents provide criteria for the commissioner to consider when approving such actions, including the impact on competition, safe and sound banking practices, and benefits to the public.

The provided legal document content covers various aspects of credit unions in Connecticut. It includes information on the establishment and operation of credit unions, such as their field of membership, organization, governance, lending practices, investments, mergers, conversions, termination, and dissolution. The documents apply to Connecticut credit unions, their members, directors, officers, employees, and other individuals or entities involved in credit union operations. No specific exemptions or penalties are mentioned in these documents.

The provided legal document content pertains to the regulation of sweepstakes in Connecticut. It defines various terms related to sweepstakes, such as ‘advertise’, ‘consumer product’, ‘person’, ‘prize’, ‘promoter’, ‘sponsor’, ‘sweepstakes’, ‘verifiable retail value’, ‘800 number’, ‘simulated gambling device’, and ‘simulated gambling display’. The document applies to individuals, corporations, associations, partnerships, and any other entities involved in conducting sweepstakes or promotional drawings. However, sweepstakes that require a permit or license to operate in the state are exempted.

This legal document pertains to the adoption of cybersecurity controls by businesses in Connecticut. It defines key terms such as ‘business’, ‘covered entity’, ‘data breach’, ‘personal information’, and ‘restricted information’. The document states that in tort actions alleging failure to implement reasonable cybersecurity controls resulting in a data breach, the Superior Court shall not assess punitive damages against a covered entity if it has a written cybersecurity program that complies with an industry recognized cybersecurity framework.