Sec. 36a-368. Maintenance in accord with written plan. Regulations re establishment and maintenance of collective managing agency accounts.
Sec. 36a-368. Maintenance in accord with written plan. Regulations re establishment and maintenance of collective managing agency accounts. Each collective
managing agency account to be maintained by a Connecticut bank shall be established
and maintained in accordance with a written plan which shall be approved by a resolution
of the bank's governing board and filed with the commissioner. The commissioner
may adopt regulations in accordance with chapter 54 consistent with the provisions of
sections 36a-350 to 36a-372, inclusive, governing the establishment and maintenance
of collective managing agency accounts. The written plan shall contain appropriate
provisions consistent with such regulations. Such account shall be established and maintained by a Connecticut bank only upon approval in writing by the commissioner and
only to the extent permission to establish and maintain such accounts is granted national
banking associations under applicable federal laws and regulations.
(P.A. 94-122, S. 169, 340.)
History: P.A. 94-122 effective January 1, 1995.