{"data":{"id":"us-ct/conn.-gen.-stat.-36a-71","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 36a-71","heading":"(Formerly Sec. 36-54). Franchise not transferable; forfeiture.","body":"The right of any Connecticut bank to conduct the business for which it was organized shall not be transferable. This right shall be forfeited when such bank voluntarily ceases to conduct the business for which it was organized. The provisions of this section shall not affect a Connecticut bank which becomes a federal bank and which has continued the business for which it was organized without voluntary interruption.","path":["TITLE 36a. THE BANKING LAW OF CONNECTICUT","CHAPTER 664b. CORPORATE ORGANIZATION AND ADMINISTRATION OF CONNECTICUT BANKS","PART I. ORGANIZATION"],"source_url":"https://www.cga.ct.gov/current/pub/chap_664b.htm#sec_36a-71","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:12Z","sha256":"fae9a0d304676f44e94f356f7bb212caf96ed798d7144730b298969d4ac9ee21","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-36a-70","next":"us-ct/conn.-gen.-stat.-36a-72"},"notice":"GroundRules: Original legal text. Not legal advice."}