Connecticut General Statutes 36a-250a – Connecticut banks and Connecticut credit unions. Funds deposited by licensees and state agencies
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Any Connecticut bank or Connecticut credit union, each as defined in § 36a-2, may accept and store funds deposited by any entity licensed by the Department of Banking or any other state agency.
Terms Used In Connecticut General Statutes 36a-250a
- 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
- State agency: has the meaning given to that term in 12 USC Section 3101, as amended from time to time. See Connecticut General Statutes 36a-2