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CT SB00392

Bill

Official Source

Status

Engrossed

5/4/2018

Primary Sponsor

Banking Committee

Click for details

Origin

Senate

2018 General Assembly

AI Summary

  • Amends Connecticut General Statutes Section 36a-250(a)(31) regarding bank issuance of debt instruments, effective October 1, 2018
  • Changes language from "within five years" to "not later than five years after the date of their issuance" for debt instruments that do not require commissioner approval
  • Clarifies that proceeds from debt instruments maturing after five years and subordinate to depositor claims are considered part of a bank's capital for computing loan, deposit, and investment limitations
  • Referred to Committee on Banking with joint favorable recommendation

Legislative Description

An Act Concerning Connecticut Banks.

Last Action

House Calendar Number 546

5/6/2018

Committee Referrals

Banking3/1/2018

Full Bill Text

No bill text available