Sec. 36a-428. Foreign banks authorized to establish and maintain state branches and state agencies, subject to the regulations and orders of the commissioner. License requirements.
Sec. 36a-428. Foreign banks authorized to establish and maintain state
branches and state agencies, subject to the regulations and orders of the commissioner. License requirements. A foreign bank may establish and maintain in this state
one or more state branches upon receipt of a license for each such branch from the
commissioner at the location specified in such license. A foreign bank may establish
and maintain in this state one or more state agencies upon receipt of a license for each
such agency from the commissioner at the location specified in such license. Such licensed foreign bank shall be deemed to transact business or conduct affairs in this state
for the purposes of section 33-920 or subsection (a) of section 33-1210 and shall comply
with the requirements of said sections. In establishing and maintaining a state branch
or state agency, a foreign bank shall be subject to such regulations and orders as the
commissioner considers appropriate to carry out the purposes of sections 36a-428 to
36a-428l, inclusive.
(Oct. Sp. Sess. P.A. 94-1, S. 1, 21; P.A. 96-109, S. 5; 96-256, S. 198, 209; 96-271, S. 208, 254; P.A. 97-160, S. 5, 7.)
History: Oct. Sp. Sess. P.A. 94-1, S. 1, effective January 1, 1995; P.A. 96-109 deleted reference to Secs. 36a-2, 36a-145 and 36a-425; P.A. 96-256 replaced reference to Sec. 33-505 with 33-1210(a), effective January 1, 1997; P.A. 96-271
replaced reference to Sec. 33-396 with Sec. 33-920, effective January 1, 1997; P.A. 97-160 deleted requirement for home
state election under the International Banking Act of 1978, effective June 24, 1997.