Sec. 36a-655. (Formerly Sec. 36-364). Definitions.
Sec. 36a-655. (Formerly Sec. 36-364). Definitions. As used in sections 36a-655
to 36a-665, inclusive, "bona fide nonprofit organization" means any organization that
is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code of 1986,
or any subsequent corresponding internal revenue code of the United States, as from
time to time amended; "debt adjustment" means receiving, as agent of a debtor, money
or evidences thereof for the purpose of distributing such money or evidences thereof
among creditors in full or partial payment of obligations of the debtor; and "debtor"
means any individual who has incurred indebtedness or owes a debt for personal, family
or household purposes.
(1967, P.A. 882, S. 1; P.A. 77-614, S. 161, 610; P.A. 79-160, S. 1; P.A. 80-482, S. 258, 345, 348; P.A. 87-9, S. 2, 3;
P.A. 94-122, S. 295, 340; P.A. 95-79, S. 135, 189; P.A. 02-111, S. 40.)
History: P.A. 77-614 replaced bank commissioner with banking commissioner within the department of business regulation and made banking department a division within that department, effective January 1, 1979; P.A. 79-160 defined "bona
fide nonprofit organization" and deleted reference to receipt of fee or compensation in definition of "debt adjustment";
P.A. 80-482 restored banking division as independent department and abolished the department of business regulation,
allowing revision of commissioner's name to omit reference to abolished department; (Revisor's note: Pursuant to P.A.
87-9 "banking commissioner" was changed editorially by the Revisors to "commissioner of banking"); P.A. 94-122 deleted
the definition of "commissioner", effective January 1, 1995; Sec. 36-364 transferred to Sec. 36a-655 in 1995; P.A. 95-79
redefined "bona fide nonprofit organization" to include a limited liability company, effective May 31, 1995; P.A. 02-111
redefined "bona fide nonprofit organization" and added definition of "debtor".