Connecticut General Statutes 36a-230 – Claims not barred by statute of limitations against receiver
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No claim in favor of a Connecticut bank or Connecticut credit union in receivership, not barred by the statute of limitations at the time of serving the application on the bank or credit union for the appointment of a receiver, shall be barred against the receiver in any suit for the recovery of such claim, brought by the receiver either in the receiver’s name or in the name of such bank or credit union.
Terms Used In Connecticut General Statutes 36a-230
- Bank: means a Connecticut bank or a federal bank. See Connecticut General Statutes 36a-2
- Connecticut credit union: means a cooperative, nonprofit financial institution that (A) is organized under chapter 667 and the membership of which is limited as provided in §. See Connecticut General Statutes 36a-2
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.