Connecticut Administrative Code
Title 36a - The Banking Law of Connecticut
136 - Conversion of Mutual Connecticut Banks to Capital Stock Connecticut Banks
Section 36a-136-31 - Purchase preference for persons in the local community
Universal Citation: CT Reg of State Agencies 36a-136-31
Current through September 9, 2024
(a) In its subscription offering, the converting institution may give purchase preference to eligible account holders, supplemental eligible account holders and, in the case of a mutual savings and loan association, other depositors residing in its local community.
(b) In its community offering, the converting institution shall give a purchase preference to natural persons residing in its local community.
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