Conn. Gen. Stat. § 3-24j

Current with legislation from the 2024 Regular and Special Sessions.

Section 3-24j - Definitions

As used in this section and sections 3-24k and 3-24l:

(1) "Community bank" means a bank and trust company, savings bank or savings and loan association chartered or organized under the laws of this state; and

(2) "Community credit union" means a cooperative, nonprofit financial institution that (A) is organized under chapter 667 and the membership of which is limited as provided in section 36a-438a, (B) operates for the benefit and general welfare of its members with the earnings, benefits or services offered being distributed to or retained for its members, and (C) is governed by a volunteer board of directors elected by and from its membership.

Conn. Gen. Stat. § 3-24j

( P.A. 03-226 , S. 1 ; P.A. 07-55 , S. 1 ; P.A. 17-8 , S. 1 .)

Amended by P.A. 23-0126,S. 27 of the Connecticut Acts of the 2023 Regular Session, eff. 7/1/2023.

Amended by P.A. 17-0008, S. 1 of the Connecticut Acts of the 2017 Regular Session, eff. 5/31/2017.