Connecticut General Statutes 36a-410a – Mergers between Connecticut and out-of-state banks authorized. Interstate branching
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It is the purpose of public act 95-155* to permit interstate merger transactions between banks in Connecticut and out-of-state banks prior to June 1, 1997, and to permit de novo interstate branching, in response to the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, P.L. No. 103-328, 108 Stat. 2338.
Terms Used In Connecticut General Statutes 36a-410a
- banks: shall include all incorporated banks. See Connecticut General Statutes 1-1
- Merger: means the combination of one or more institutions with another which continues its corporate existence. See Connecticut General Statutes 36a-2
- Out-of-state: includes any state other than Connecticut and any foreign country. See Connecticut General Statutes 36a-2