l9n/ Connecticut

2002 Regular Session

Senate Bill 93

AN ACT CONCERNING BANK POWERS AND TRANSACTIONS.

Became law as Public Act 02-47, signed May 9, 2002, 87 days after it was filed.

What it does

The synopsis the General Assembly published with the bill.

To authorize the Commissioner of Banking to approve the closing of a bank or Connecticut credit union for good cause shown; to establish a procedure for the organizers of a Connecticut bank in organization to change the proposed certificate of incorporation and business plan of the proposed bank; to conform the rights of shareholders of a merging Connecticut bank or converting Connecticut bank to the appraisal rights and right to obtain payment as provided under the corporation statutes; to clarify that converting Connecticut banks must file a proposed amended certificate of incorporation; to clarify the authority of a Connecticut bank to convert a branch established in this state to a limited branch and authorize a Connecticut bank that has established a branch or limited branch outside of this state to relocate such branch or limited branch; to authorize a mutual holding company to establish a subsidiary stock holding company that would hold all the stock of its reorganized savings institution subsidiary; to exclude a Connecticut bank converting to an uninsured bank from the provision that would require the commissioner to apply for a receiver; to authorize Connecticut banks to engage in any activity an out-of-state bank may engage in under state law; to make a technical change involving the commissioner's approval of the establishment of an office of an out-of-state trust company.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

In the House of Representatives

    4 co-sponsors

    David A. Scribner, John E. Stripp, Richard F. Ferrari, Anthony J. D'Amelio

    Its course

    February 11 to May 9, 2002, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

    Each committee stop sits inside its chamber.

    Every action22 actions on 15 days

    In the SenateFeb 11 to Apr 2371 days

    Banking CommitteeFeb 11 to Feb 2817 days

    Judiciary CommitteeApr 3 to Apr 85 days

    In the House of RepresentativesApr 23 to Apr 296 days

    Waiting to be sentApr 29 to May 67 days

    With the GovernorMay 6 to May 93 days

    Text

    Each version as the General Assembly printed it.

    l9n doesn't hold this bill's text yet.

    What happened

    In l9n's words, one line for each step. Every action as the General Assembly published it is below.

    In the Senate Feb 11 โ€“ Apr 23

    1. Introduced and sent to Banking Committee
    2. Heard in Banking Committee
    3. Banking Committee recommended it
    4. Sent to Judiciary Committee
    5. Judiciary Committee recommended it
    6. Passed the Senate

    In the House of Representatives Apr 25 โ€“ Apr 29

    1. Arrived in the House of Representatives
    2. Passed the House of Representatives

    To the Governor May 3 โ€“ May 9

    1. Numbered Public Act 02-47
    2. Sent to the Secretary of the State
    3. Signed by the Governor
    All 22 actions, as published