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CT HB05267
Bill
Status
2/20/2014
Primary Sponsor
Banks Committee
Click for details
AI Summary
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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.
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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.
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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.
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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.
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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