Sec. 36a-158. (Formerly Sec. 36-193f). Establishment and use of automated teller machines and point of sale terminals by out-of-state banks and out-of-state credit unions.
Sec. 36a-158. (Formerly Sec. 36-193f). Establishment and use of automated
teller machines and point of sale terminals by out-of-state banks and out-of-state
credit unions. (a) Except as provided in subsection (b) of this section, no out-of-state
bank or out-of-state credit union may directly or indirectly establish or use an automated
teller machine or point of sale terminal in this state. This prohibition does not apply to
an out-of-state bank or out-of-state credit union that is authorized under the laws of this
state or federal law to accept deposits within this state.
(b) An out-of-state bank or out-of-state credit union may use an automated teller
machine or point of sale terminal located in this state provided: (1) Such bank or credit
union obtains permission to use the automated teller machine or point of sale terminal
in this state from the owner of such automated teller machine or point of sale terminal;
(2) such bank or credit union uses the automated teller machine in this state on a transaction fee basis; (3) unless such bank or credit union or an affiliate of such bank or credit
union is otherwise authorized under the laws of this state or federal law to accept deposits
within the state, the transactions available to customers of such bank or credit union on
any such automated teller machine shall be limited to withdrawals, advances and transfers and shall not include deposit transactions; and (4) any such automated teller machine
is established and used in accordance with the provisions of sections 36a-155 and
36a-156.
(P.A. 75-373, S. 6, 9; P.A. 78-66, S. 3; P.A. 84-164, S. 2; P.A. 86-158, S. 3, 5; P.A. 89-262; P.A. 90-2, S. 16, 20; P.A.
94-122, S. 71, 340; P.A. 95-155, S. 13, 29.)
History: P.A. 78-66 included credit unions within purview of section; P.A. 84-164 added Subsec. (b) authorizing use
of satellite device or point of sale terminal in this state by banking corporation organized under the laws of or having its
principal office in another state provided certain conditions are met; P.A. 86-158 applied provisions to federal savings
banks, deleted references to point of sale terminals in Subsec. (b)(2) and (3) and added Subsec. (b)(4) requiring establishment
and use of satellite device in accordance with Secs. 36-193b and 36-193c; P.A. 89-262 added provision specifying when
prohibition of establishment or use of satellite device or point of sale terminal does not apply; P.A. 90-2 amended Subsec.
(a) by changing New England savings bank and New England savings and loan association to out-of-state savings bank
and out-of-state savings and loan association; P.A. 94-122 allowed out-of-state bank affiliates authorized to accept deposits
in Connecticut to accept deposits at automated teller machines and made technical changes, effective January 1, 1995;
Sec. 36-193f transferred to Sec. 36a-158 in 1995; P.A. 95-155 changed "Connecticut law" to "the laws of this state or
federal law" in Subsecs. (a) and (b), effective June 27, 1995.