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-136-46. Acquisition of another insured capital stock bank as part of the conversion
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When the converting institution converts to stock form, it may acquire for cash or stock another insured depository institution that is already in the stock form of ownership.
(Adopted effective September 7, 2007)