(a) With the approval of the commissioner, a Connecticut credit union may relocate its main office anywhere within the state.(b) The commissioner, before granting an approval under subsection (a) of this section, shall consider: (1) The field of membership of the Connecticut credit union to be served by the proposed relocation of the main office of the Connecticut credit union; (2) the adequacy of the current main office of the Connecticut credit union; (3) the economic need for and cost of such proposed relocation; and (4) the convenience and necessity to the field of membership of the proposed relocation.(P.A. 02-73, S. 66; P.A. 03-84, S. 68.)History: P.A. 03-84 changed 'Commissioner of Banking' to 'commissioner', effective June 3, 2003. (a) With the approval of the commissioner, a Connecticut credit union may relocate its main office anywhere within the state.(b) The commissioner, before granting an approval under subsection (a) of this section, shall consider: (1) The field of membership of the Connecticut credit union to be served by the proposed relocation of the main office of the Connecticut credit union; (2) the adequacy of the current main office of the Connecticut credit union; (3) the economic need for and cost of such proposed relocation; and (4) the convenience and necessity to the field of membership of the proposed relocation.(P.A. 02-73, S. 66; P.A. 03-84, S. 68.)History: P.A. 03-84 changed 'Commissioner of Banking' to 'commissioner', effective June 3, 2003.
Connecticut Legal Code
§ 36a-463b
Connecticut Title 36a — Connecticut law
Source: https://www.cga.ct.gov/current/pub/chap_667.htm#sec_36a-463b· Version 2026