CHAPTER 640
STATE BANKS AND TRUST COMPANIES

Table of Contents

Secs. 36-53 and 36-54.
Sec. 36-55. Directors' oath; residence; vacancy.
Sec. 36-56. Bond of officers and employees.
Sec. 36-57. Powers.
Sec. 36-57a. Leases of personal property.
Sec. 36-58. Conveyance of real estate.
Sec. 36-59.
Sec. 36-60. Limitation of powers.
Sec. 36-61.
Sec. 36-62.
Sec. 36-63.
Sec. 36-64.
Secs. 36-65 to 36-65b and 36-66. Limitation of loans and investments. Acquisition of controlling stock interest in corporation. Proceeds of capital notes or debentures as part of capital. Loans and credit to executive officers; regulations.
Sec. 36-67. Loans to directors.
Sec. 36-68.
Sec. 36-69.
Secs. 36-70 to 36-72. Mortgage loans. Loans pursuant to Serviceman's Readjustment Act. Participation in Small Business Administration loans.
Sec. 36-73. Bank may act as collecting, remitting or servicing agent on mortgage loans sold by it. Purchase of Federal National Mortgage Association stock.
Sec. 36-73a. Any state bank and trust company, savings and loan association or savings bank authorized to act as trustee or custodian of individual retirement plans.
Secs. 36-74 and 36-75. Reserve fund. Limitations of time on stop-payment orders.
Sec. 36-76.
Secs. 36-77 to 36-79. Liability in case of forged, altered or raised check. Demand instruments, collection, payment and dishonor. Inactive account; reports and payment to State Treasurer.
Sec. 36-80. Dividends.
Sec. 36-81.
Sec. 36-82. Deposit of uninvested cash.
Sec. 36-83.
Secs. 36-84 to 36-86a. Mutual trust investment companies. Examination by commissioner; reports. Investments in shares of company by banks as fiduciaries. Issuance, redemption and cancellation of capital stock.
Sec. 36-87.
Sec. 36-88.
Sec. 36-89. Preferred stock.
Sec. 36-89a.
Sec. 36-89b.
Sec. 36-90.
Sec. 36-91.
Secs. 36-92 and 36-93.

      Secs. 36-53 and 36-54. Transferred to Chapter 664b, Part I, Secs. 36a-70 and 36a-71.

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      Sec. 36-55. Directors' oath; residence; vacancy. Section 36-55 is repealed, effective January 1, 1995.

      (1949 Rev., S. 5780; 1963, P.A. 35; 1967, P.A. 551, S. 1; 1969, P.A. 504, S. 18; P.A. 75-80; P.A. 94-122, S. 339, 340.)

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      Sec. 36-56. Bond of officers and employees. Section 36-56 is repealed.

      (1949 Rev., S. 5801; P.A. 78-121, S. 112, 113.)

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      Sec. 36-57. Powers. Section 36-57 is repealed, effective January 1, 1995.

      (1949 Rev., S. 5781; 1951, S. 2649d; 1951, 1955, S. 2650d; 1953, S. 2648d; 1957, P.A. 242, S. 1; 1959, P.A. 459, S. 1; 492; 1961, P.A. 96; 189; 1963, P.A. 335; February, 1965, P.A. 227, S. 1, 2, 3; 1967, P.A. 455, S. 1, 3; 461, S. 1; 1969, P.A. 222, S. 1; 504, S. 4, 5; 1972, P.A. 146; P.A. 75-188; P.A. 76-33, S. 1, 3; P.A. 77-62, S. 1; P.A. 79-233, S. 2; P.A. 83-214, S. 1, 2; 83-228, S. 1, 2; 83-411, S. 7, 20; P.A. 84-35, S. 1, 3; P.A. 85-379, S. 1, 2; P.A. 87-9, S. 2, 3; P.A. 90-2, S. 8, 20; P.A. 91-38, S. 1; P.A. 92-12, S. 23; P.A. 93-60, S. 1; P.A. 94-122, S. 339, 340.)

      See Sec. 36a-250 re powers of Connecticut banks.

      See Sec. 36a-276(c) re authority to purchase equity securities of bank.

      See Sec. 36a-277 re social purpose investments.

      See Sec. 36a-350 re real estate held by fiduciary.

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      Sec. 36-57a. Leases of personal property. Section 36-57a is repealed, effective January 1, 1995.

      (1967, P.A. 455, S. 2; P.A. 94-122, S. 339, 340.)

      See Sec. 36a-250(a)(26) re power to enter leases on personal property.

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      Sec. 36-58. Conveyance of real estate. Section 36-58 is repealed.

      (1949 Rev., S. 5782; P.A. 78-121, S. 112, 113.)

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      Sec. 36-59. Transferred to Chapter 664c, Part III, Sec. 36a-145.

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      Sec. 36-60. Limitation of powers. Section 36-60 is repealed, effective January 1, 1995.

      (1949 Rev., S. 5784; February, 1965, P.A. 200, S. 1; P.A. 94-122, S. 339, 340.)

      See Sec. 36a-250(b) re limitation on banks' powers.

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      Sec. 36-61. Transferred to Chapter 664b, Part I, Sec. 36a-72.

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      Sec. 36-62. Transferred to Chapter 664b, Part II, Sec. 36a-80.

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      Sec. 36-63. Transferred to Chapter 664a, Part I, Sec. 36a-16.

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      Sec. 36-64. Transferred to Chapter 664b, Part II, Sec. 36a-81.

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      Secs. 36-65 to 36-65b and 36-66. Limitation of loans and investments. Acquisition of controlling stock interest in corporation. Proceeds of capital notes or debentures as part of capital. Loans and credit to executive officers; regulations. Sections 36-65 to 36-65b, inclusive, and 36-66 are repealed, effective January 1, 1995.

      (1949 Rev., S. 5789, 5790; 1949, S. 2653d; 1957, P.A. 70; 1959, P.A. 304; 1961, P.A. 111; 402; 1963, P.A. 195; 308; February, 1965, P.A. 352, S. 1; 1967, P.A. 455, S. 5-8; 461, S. 2; 1969, P.A. 504, S. 6; 1972, P.A. 211, S. 1; P.A. 77-339; P.A. 78-8, S. 1, 3; P.A. 79-120, S. 1, 2; 79-132; P.A. 82-267, S. 2, 4; P.A. 83-131, S. 1, 2; 83-274, S. 1, 2; P.A. 85-379, S. 3, 4; P.A. 87-9, S. 2, 3; P.A. 91-357, S. 15, 78; P.A. 92-12, S. 25; 92-97, S. 1, 4; P.A. 94-122, S. 339, 340.)

      See Sec. 36a-262 re limitations on liabilities.

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      Sec. 36-67. Loans to directors. Section 36-67 is repealed.

      (1949 Rev., S. 5791; 1967, P.A. 455, S. 4.)

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      Sec. 36-68. Transferred to Chapter 665, Part II, Sec. 36a-264.

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      Sec. 36-69. Transferred to Chapter 664b, Part III, Sec. 36a-98.

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      Secs. 36-70 to 36-72. Mortgage loans. Loans pursuant to Serviceman's Readjustment Act. Participation in Small Business Administration loans. Sections 36-70 to 36-72, inclusive, are repealed, effective January 1, 1995.

      (1949 Rev., S. 5794, 5795; 1951, 1955, S. 2654d; 1953, S. 2655d; November, 1955, S. N213; 1957, P.A. 297, S. 1; 1963, P.A. 193; February, 1965, P.A. 234, S. 1; 1967, P.A. 427, S. 1; 1969, P.A. 265, S. 1; 504, S. 7, 8; P.A. 73-168; P.A. 75-257; P.A. 76-175; P.A. 77-614, S. 161, 163, 610; P.A. 78-121, S. 92, 113; P.A. 80-482, S. 245, 345, 348; P.A. 81-391, S. 2, 3; P.A. 85-379, S. 6; P.A. 86-268, S. 1, 7; P.A. 87-9, S. 2, 3; P.A. 92-12, S. 26, 27; P.A. 94-122, S. 339, 340.)

      See Sec. 36a-250(a)(28) re power to invest in mortgage loans.

      See Sec. 36a-261(l) re loans pursuant to Serviceman's Readjustment Act.

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      Sec. 36-73. Bank may act as collecting, remitting or servicing agent on mortgage loans sold by it. Purchase of Federal National Mortgage Association stock. Section 36-73 is repealed.

      (1957, P.A. 99, S. 2; February, 1965, P.A. 311, S. 1; P.A. 78-121, S. 112, 113.)

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      Sec. 36-73a. Any state bank and trust company, savings and loan association or savings bank authorized to act as trustee or custodian of individual retirement plans. Section 36-73a is repealed, effective January 1, 1995.

      (P.A. 75-278, S. 1, 2; P.A. 78-121, S. 36, 113; P.A. 83-378, S. 1, 2; P.A. 85-188, S. 1; 85-379, S. 7; P.A. 91-357, S. 17, 78; P.A. 94-122, S. 339, 340.)

      See Sec. 36a-250(a)(38) re power to act as trustee or custodian of individual retirement accounts.

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      Secs. 36-74 and 36-75. Reserve fund. Limitations of time on stop-payment orders. Sections 36-74 and 36-75 are repealed.

      (1949 Rev., S. 5796, 5797; 1949, 1951, S. 2656d; March, 1958, P.A. 27, S. 18; 1959, P.A. 133, S. 10-102; 274; 1967, P.A. 407; 461, S. 8; 1971, P.A. 266; P.A. 73-336, S. 1, 2; P.A. 78-121, S. 93, 121; P.A. 81-128, S. 16.)

      See Sec. 42a-4-403(2) re stop-payment orders.

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      Sec. 36-76. Transferred to Chapter 665a, Part I, Sec. 36a-295.

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      Secs. 36-77 to 36-79. Liability in case of forged, altered or raised check. Demand instruments, collection, payment and dishonor. Inactive account; reports and payment to State Treasurer. Sections 36-77 to 36-79, inclusive, are repealed.

      (1949 Rev., S. 5799, 5800; 1949, S. 2657d, 2658d; 1953, S. 2659d; 1959, P.A. 133, S. 10-102; 1961, P.A. 540, S. 31.)

      See chapter 32, part III re escheats.

      See title 42a, article 4 re bank deposits and collections.

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      Sec. 36-80. Dividends. Section 36-80 is repealed, effective January 1, 1995.

      (1949 Rev., S. 5802; 1963, P.A. 74, S. 1; 1967, P.A. 551, S. 2; P.A. 88-174, S. 4; P.A. 91-9, S. 1, 2; P.A. 94-122, S. 339, 340.)

      See Sec. 36a-110 re dividends on capital stock.

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      Sec. 36-81. Transferred to Chapter 665b, Part I, Sec. 36a-352.

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      Sec. 36-82. Deposit of uninvested cash. Section 36-82 is repealed, effective January 1, 1995.

      (1949 Rev., S. 5804; 1969, P.A. 504, S. 9; P.A. 87-9, S. 2, 3; P.A. 94-122, S. 339, 340.)

      See Sec. 36a-350 re investments of assets and funds held by bank.

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      Sec. 36-83. Transferred to Chapter 665b, Part II, Sec. 36a-365.

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      Secs. 36-84 to 36-86a. Mutual trust investment companies. Examination by commissioner; reports. Investments in shares of company by banks as fiduciaries. Issuance, redemption and cancellation of capital stock. Sections 36-84 to 36-86a, inclusive, are repealed, effective January 1, 1995.

      (1957, P.A. 245, S. 1-3; 1959, P.A. 650, S. 1; 1961, P.A. 166, S. 2; 404; P.A. 77-614, S. 161, 610; P.A. 87-9, S. 2, 3; P.A. 91-357, S. 18, 78; P.A. 92-12, S. 30, 31; P.A. 94-122, S. 339, 340.)

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      Sec. 36-87. Transferred to Chapter 664b, Part II, Sec. 36a-82.

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      Sec. 36-88. Transferred to Chapter 664b, Part IV, Sec. 36a-105.

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      Sec. 36-89. Preferred stock. Section 36-89 is repealed.

      (1949 Rev., S. 5808; 1963, P.A. 74, S. 4; 1967, P.A. 367, S. 5; 551, S. 5.)

      See Sec. 36a-106 re preferred shares.

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      Sec. 36-89a. Transferred to Chapter 664b, Part IV, Sec. 36a-108.

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      Sec. 36-89b. Transferred to Chapter 664b, Part IV, Sec. 36a-106.

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      Sec. 36-90. Transferred to Chapter 664b, Part II, Sec. 36a-83.

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      Sec. 36-91. Transferred to Chapter 664b, Part IV, Sec. 36a-112.

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      Secs. 36-92 and 36-93. Transferred to Chapter 645c, Secs. 36-193u and 36-193v, respectively.

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