State Codes and Statutes

Statutes > Connecticut > Title36a > Chap667 > Sec36a-463b

      Sec. 36a-463b. Relocation of main office of Connecticut credit union with approval of commissioner. (a) With the approval of the commissioner, a Connecticut credit union may relocate its main office anywhere within the state.

      (b) The commissioner, before granting an approval under subsection (a) of this section, shall consider: (1) The field of membership of the Connecticut credit union to be served by the proposed relocation of the main office of the Connecticut credit union; (2) the adequacy of the current main office of the Connecticut credit union; (3) the economic need for and cost of such proposed relocation; and (4) the convenience and necessity to the field of membership of the proposed relocation.

      (P.A. 02-73, S. 66; P.A. 03-84, S. 68.)

      History: P.A. 03-84 changed "Commissioner of Banking" to "commissioner", effective June 3, 2003.