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CT HB05267

Bill

Status

Introduced

2/20/2014

Primary Sponsor

Banks Committee

Click for details

Origin

House of Representatives

2014 General Assembly

AI Summary

  • Revises section 36a-801(g) to clarify that automatic license suspension applies when a check for fees under subsection (b) is dishonored, with notice and hearing rights provided to the licensee.

  • Amends section 34-600(30) to define "private organic rules" as internal governance rules binding on interest holders that are not part of the public organic document.

  • Updates section 34-600(31) to redefine "protected agreement" and changes the effective date from October 1, 2011 to January 1, 2014 for indebtedness records, binding agreements, organic rules, and agreements affecting governors or interest holders.

  • Modifies section 34-600(38) to clarify that "type" regarding an entity means a generic form recognized at common law or under organic law, whether or not it creates different entity categories.

  • All provisions take effect upon passage.

Legislative Description

An Act Concerning Revisions To The Banking Statutes.

Last Action

Public Hearing 02/25

2/21/2014

Committee Referrals

Banks2/20/2014

Full Bill Text

No bill text available