CHAPTER 664c
FUNDAMENTAL CHANGES INVOLVING BANKS,
BRANCHES, AUTOMATED TELLER MACHINES, HOME BANKING
AND BANK HOLDING COMPANIES

Table of Contents

Sec. 36a-127. Merger of Connecticut bank with nonbank affiliates.
Sec. 36a-170. (Formerly Sec. 36-9ff). Home banking services. Automated teller machine, satellite device, branch or office not deemed a home banking terminal.

PART I
MERGER AND CONSOLIDATION

      Sec. 36a-127. Merger of Connecticut bank with nonbank affiliates. A Connecticut bank may merge with one or more of its affiliates that are not banks or out-of-state banks, provided the resulting institution is a Connecticut bank. Such merger shall be effected in accordance with the provisions of section 36a-125, except, with respect to any provision therein governing corporate procedure, including the rights of dissenting members or shareholders who assert existing appraisal rights, such affiliate shall comply with the laws of the state or other jurisdiction under which such affiliate is organized. Any such affiliate shall also comply with other applicable laws of the state or other jurisdiction under which such affiliate is organized concerning such mergers.

      (P.A. 11-50, S. 15.)

      History: P.A. 11-50 effective June 13, 2011.

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PART V
HOME BANKING

      Sec. 36a-170. (Formerly Sec. 36-9ff). Home banking services. Automated teller machine, satellite device, branch or office not deemed a home banking terminal. (a) As used in this section, "home banking services" means the electronic transfer of funds or information, or the performance of other permissible banking services or transactions for a customer by means of a home banking terminal; and "home banking terminal" means any electronic home or office terminal, including, but not limited to, a computer terminal, television, telephone, facsimile machine or other electronic device, that is not accessible to the public and does not accept deposits.

      (b) Any bank or out-of-state bank, and any Connecticut credit union or federal credit union may provide home banking services to customers.

      (c) Any electronic transfer of funds by means of a home banking terminal authorized under this section shall be subject to the Electronic Fund Transfer Act, 15 USC Section 1693, et seq., as from time to time amended, and Regulation E, 12 CFR Part 205, as from time to time amended.

      (d) Home banking terminals are not automated teller machines, satellite devices, branches or offices for any purpose under this title.

      (P.A. 90-223, S. 1, 2; P.A. 94-122, S. 73, 340; P.A. 11-110, S. 2.)

      History: P.A. 94-122 made technical changes, effective January 1, 1995; Sec. 36-9ff transferred to Sec. 36a-170 in 1995; P.A. 11-110 amended Subsec. (c) to remove reference to Federal Reserve Board, effective July 21, 2011.

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