Sec. 36a-426. (Formerly Sec. 36-5g). Foreign banking corporations authorized to bring certain actions in the courts of this state. - Connecticut Statutes

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Statutes > Connecticut > Title36a > Chap666 > Sec36a-426

      Sec. 36a-426. (Formerly Sec. 36-5g). Foreign banking corporations authorized to bring certain actions in the courts of this state. A foreign banking corporation, as defined in subsection (a) of section 36a-425, which has made or makes any loan or has granted or grants an extension of credit to one or more persons or entities located in Connecticut shall be deemed to be a person having a usual place of business in this state for purposes of subsection (c) of section 33-411 in any action brought by such foreign banking corporation against a debtor or other person or entity arising out of such loan or extension of credit provided at least one party against whom the action is brought is otherwise subject to the jurisdiction of the courts of this state.

      (June 29 Sp. Sess. P.A. 92-1, S. 1, 2; P.A. 93-31, S. 1, 2; P.A. 94-122, S. 189, 340.)

      History: P.A. 93-31 deleted the reference to April 15, 1993, as cut off date for loans to which section applies, effective April 15, 1993; P.A. 94-122 deleted "before, on or after July 14, 1992", effective January 1, 1995; Sec. 36-5g transferred to Sec. 36a-426 in 1995.

State Codes and Statutes

Statutes > Connecticut > Title36a > Chap666 > Sec36a-426

      Sec. 36a-426. (Formerly Sec. 36-5g). Foreign banking corporations authorized to bring certain actions in the courts of this state. A foreign banking corporation, as defined in subsection (a) of section 36a-425, which has made or makes any loan or has granted or grants an extension of credit to one or more persons or entities located in Connecticut shall be deemed to be a person having a usual place of business in this state for purposes of subsection (c) of section 33-411 in any action brought by such foreign banking corporation against a debtor or other person or entity arising out of such loan or extension of credit provided at least one party against whom the action is brought is otherwise subject to the jurisdiction of the courts of this state.

      (June 29 Sp. Sess. P.A. 92-1, S. 1, 2; P.A. 93-31, S. 1, 2; P.A. 94-122, S. 189, 340.)

      History: P.A. 93-31 deleted the reference to April 15, 1993, as cut off date for loans to which section applies, effective April 15, 1993; P.A. 94-122 deleted "before, on or after July 14, 1992", effective January 1, 1995; Sec. 36-5g transferred to Sec. 36a-426 in 1995.

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State Codes and Statutes

Statutes > Connecticut > Title36a > Chap666 > Sec36a-426

      Sec. 36a-426. (Formerly Sec. 36-5g). Foreign banking corporations authorized to bring certain actions in the courts of this state. A foreign banking corporation, as defined in subsection (a) of section 36a-425, which has made or makes any loan or has granted or grants an extension of credit to one or more persons or entities located in Connecticut shall be deemed to be a person having a usual place of business in this state for purposes of subsection (c) of section 33-411 in any action brought by such foreign banking corporation against a debtor or other person or entity arising out of such loan or extension of credit provided at least one party against whom the action is brought is otherwise subject to the jurisdiction of the courts of this state.

      (June 29 Sp. Sess. P.A. 92-1, S. 1, 2; P.A. 93-31, S. 1, 2; P.A. 94-122, S. 189, 340.)

      History: P.A. 93-31 deleted the reference to April 15, 1993, as cut off date for loans to which section applies, effective April 15, 1993; P.A. 94-122 deleted "before, on or after July 14, 1992", effective January 1, 1995; Sec. 36-5g transferred to Sec. 36a-426 in 1995.