CT SB00234

Adds a new provision to Connecticut general statutes section 36a-250(a) allowing banks to organize an interim Connecticut bank for acquiring existing banks or facilitating other corporate transactions.

Interim Connecticut banks may be created solely for acquisition of an existing bank or to facilitate any other corporate transaction as specified in section 36a-70(p).

Provision does not invalidate or affect any bank acquisitions or corporate transactions entered into prior to October 1, 2013.

Takes effect October 1, 2013.