Connecticut General Statutes 36a-157 – Satellite device or point of sale terminal not branch or office
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A satellite device or point of sale terminal is not considered a branch or office for any purpose under this title.
Terms Used In Connecticut General Statutes 36a-157
- Point of sale terminal: means a device located in a commercial establishment at which sales transactions can be charged directly to the buyer's deposit, loan or credit account, but at which deposit transactions cannot be conducted. See Connecticut General Statutes 36a-2
- Satellite device: means an automated teller machine which is not part of an office of the bank, Connecticut credit union or federal credit union which has established such machine. See Connecticut General Statutes 36a-2