Sec. 36a-463a. Audit report and net worth restoration plan by out-of-state, state-chartered or federally-chartered credit union that maintains branch in this state.
Sec. 36a-463a. Audit report and net worth restoration plan by out-of-state,
state-chartered or federally-chartered credit union that maintains branch in this
state. (a) The commissioner may require any out-of-state, state-chartered or federally-chartered credit union that maintains a branch in this state pursuant to section 36a-462b,
to submit an annual audit report to the commissioner.
(b) An out-of-state, state-chartered or federally-chartered credit union that maintains a branch in this state that is required under federal law to submit a net worth
restoration plan to the board of the National Credit Union Administration shall simultaneously submit an executed copy of such plan to the commissioner.
(P.A. 02-73, S. 65; P.A. 03-84, S. 67.)
History: P.A. 03-84 changed "Commissioner of Banking" to "commissioner", effective June 3, 2003.