Conn. Gen. Stat. § 36a-182: (Formerly Sec. 36-421). Ownership of bank shares not to be considered as transacting banking business.
Where this section sits in the code
- TITLE 36a. THE BANKING LAW OF CONNECTICUT
- CHAPTER 664c. FUNDAMENTAL CHANGES INVOLVING BANKS, BRANCHES, AUTOMATED TELLER MACHINES, VIRTUAL BANKING AND BANK HOLDING COMPANIES
- PART VI. BANK HOLDING COMPANIES
No corporation shall be considered as transacting the business of or promoting the purpose of a bank and trust company, capital stock savings and loan association or capital stock savings bank for any purpose including the purposes of section 33-645 by reason of the ownership of shares or other securities of a capital stock bank.
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