Conn. Gen. Stat. § 3-24j
This is the official text of Conn. Gen. Stat. § 3-24j, part of Connecticut’s Gen. Stat — part of the compiled statutory law of Connecticut, published by the state as "Gen. Stat." Browse the sections below, each linked to its official government source.
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Sec. 3-24j. Definitions.
Official statutory text
(1) “Community bank” means a bank and trust company, savings bank or savings and loan association chartered or organized under the laws of this state; and
(2) “Community credit union” means a cooperative, nonprofit financial institution that (A) is organized under chapter 667 and the membership of which is limited as provided in section 36a-438a , (B) operates for the benefit and general welfare of its members with the earnings, benefits or services offered being distributed to or retained for its members, and (C) is governed by a volunteer board of directors elected by and from its membership.
(2) “Community credit union” means a cooperative, nonprofit financial institution that (A) is organized under chapter 667 and the membership of which is limited as provided in section 36a-438a , (B) operates for the benefit and general welfare of its members with the earnings, benefits or services offered being distributed to or retained for its members, and (C) is governed by a volunteer board of directors elected by and from its membership.
Status: in_force · Read it on the official government site
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