Sec. 36a-186. (Formerly Sec. 36-426). Injunction against unlawful offer or acquisition. Seizure or sequestration of securities.
Sec. 36a-186. (Formerly Sec. 36-426). Injunction against unlawful offer or acquisition. Seizure or sequestration of securities. The bank or holding company or the
commissioner through the Attorney General may apply to the superior court for the
judicial district of Hartford or to the superior court for the judicial district in which the
bank or holding company has its principal place of business for equitable relief to enjoin
any offer, request, invitation, agreement or acquisition made, or proposed to be made,
in contravention of the provisions of sections 36a-180 to 36a-191, inclusive, or any
regulation adopted or order issued by the commissioner under said sections, or the voting
of any security so acquired. In any case where a person has acquired or is proposing to
acquire any securities in violation of sections 36a-180 to 36a-191, inclusive, or any
regulation adopted or order issued by the commissioner under said sections, the superior
court for the judicial district of Hartford or the superior court for the judicial district in
which the bank or holding company has its principal place of business may, on such
notice as the court deems appropriate, upon the application of the bank or holding company or the commissioner acting through the Attorney General, seize or sequester any
securities of the bank or holding company owned directly or indirectly by such person
and make such orders with respect thereto as the court deems appropriate to effectuate
the provisions of sections 36a-180 to 36a-191, inclusive. Notwithstanding any other
provision of law, for the purposes of said sections, the situs of the ownership of all
securities of the banks and holding companies shall be regarded as in this state.
(1969, P.A. 598, S. 12; 1971, P.A. 322, S. 5; P.A. 78-280, S. 2, 6, 127; P.A. 82-194, S. 7, 14; P.A. 88-230, S. 1, 12;
P.A. 90-98, S. 1, 2; P.A. 91-357, S. 56, 78; P.A. 93-142, S. 4, 7, 8; P.A. 94-122, S. 79, 340; P.A. 95-220, S. 4-6.)
History: 1971 act made provisions applicable for offers, requests, etc. "proposed to be made" in contravention of chapter
provisions or other rule, regulation or order of the commissioner; P.A. 78-280 replaced "Hartford county" with "judicial
district of Hartford-New Britain" and general reference to counties with general reference to judicial districts; P.A. 82-194 changed "bank or bank holding company" to "bank, association or holding company"; P.A. 88-230 replaced "judicial
district of Hartford-New Britain" with "judicial district of Hartford", effective September 1, 1991; P.A. 90-98 changed
the effective date of P.A. 88-230 from September 1, 1991, to September 1, 1993; P.A. 91-357 deleted obsolete language
re judge of the superior court and made technical changes; P.A. 93-142 changed the effective date of P.A. 88-230 from
September 1, 1993, to September 1, 1996, effective June 14, 1993; P.A. 94-122 made technical changes, effective January
1, 1995; Sec. 36-426 transferred to Sec. 36a-186 in 1995; P.A. 95-220 changed the effective date of P.A. 88-230 from
September 1, 1996, to September 1, 1998, effective July 1, 1995.