Regulations of Connecticut State Agencies (Last Updated: June 14,2023) |
Title36a The Banking Law of Connecticut |
SubTitle36a-136-1_36a-136-48. Conversion of Mutual Connecticut Banks to Capital Stock Connecticut Banks |
Sec.36a-136-36. Rights of depositors of the converted institution
Latest version.
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(a) Each depositor shall have, without payment, a withdrawable deposit account or accounts in the same amount and under the same terms and conditions as their accounts before the conversion.
(b) The converted institution shall provide a liquidation account for each eligible account holder and supplemental eligible account holder under section 36a-136-37 of the Regulations of Connecticut State Agencies.
(Adopted effective September 7, 2007)