Failures, Receiverships and Conservatorships and Other Emergency Actions | MidpageFailures, Receiverships and Conservatorships and Other Emergency Actions
36a-215(Formerly Sec. 36-22b). Powers re troubled trust banks and innovation banks.36a-216(Formerly Sec. 36-22). Powers in case of financial distress.36a-217(Formerly Sec. 36-26). Establishment of maximum rate of dividends and interest. Regulations.36a-218(Formerly Sec. 36-31). Order to make good impairment of capital. Application for appointment of receiver.36a-219(Formerly Sec. 36-32). Restraining order. Appointment of conservator.36a-220(Formerly Sec. 36-34). Application for injunction, receiver or conservator in case of forfeited charter or certificate of authority, fraud, unsafe business practices, dissipation of assets, insolvency or termination of insurance of insurable accounts or deposits.36a-221(Formerly Sec. 36-35). Appointment of receiver or conservator on petition of shareholders.36a-221aDuties of receivers of trust banks and innovation banks.36a-222Appointment of receiver or conservator for Connecticut banks and credit unions. Requirements. Division within department for liquidating or administering banks or credit unions. Appointment of agent. Reports. Salaries, costs and expenses. Exclusive jurisdiction of Superior Court. Admissibility of records.36a-223(Formerly Sec. 36-36). Duties of conservators and receivers for Connecticut banks and credit unions. Powers.36a-224(Formerly Sec. 36-37). Refinancing or reorganization of Connecticut banks and credit unions in receivership.36a-225(Formerly Sec. 36-38). Limitation of time for presenting claims to receiver. Receiver to publish notice in newspaper and mail individual notice to depositors, clients, creditors and safe deposit box holders.36a-226(Formerly Sec. 36-39). Duties of receiver re inventory and appraisal of assets of Connecticut banks and credit unions in receivership. Conversion of assets. Deposit of money.36a-226aTermination of contracts for bailment, deposit for hire or lease of safes, vaults or safe deposit boxes. Duties of receiver when property not removed.36a-227(Formerly Sec. 36-40). Dissolution of attachments and levies. Posting of notice of injunction or appointment of receiver.36a-228(Formerly Sec. 36-40a). Termination of executory contracts for services or advertising to which Connecticut banks and credit unions are a party. Validity of agreements that diminish interest of the estate in banks' and credit unions' assets.36a-229(Formerly Sec. 36-41). Immediate delivery of records and other property to receivers and conservators of Connecticut banks and credit unions. Copies. Penalty for neglect or refusal to deliver records and other property.36a-230(Formerly Sec. 36-43). Claims not barred by statute of limitations against receiver.36a-231(Formerly Sec. 36-44). Reports to be filed with Superior Court and commissioner. Payment of administrative expenses. Quarterly report. Objections. Audit of books and records of receivers of Connecticut banks and credit unions. Duties of receiver re audit.36a-232(Formerly Sec. 36-46). Creditor's application for order to receiver.36a-233(Formerly Sec. 36-47). Funds and property not subject to foreign attachment.36a-234(Formerly Sec. 36-48). Dissolution of injunction against receiver.36a-235(Formerly Sec. 36-49). Conditions under which transfers of or liens on property or assets of Connecticut banks and credit unions in receivership are voidable. Personal liability of persons who implemented or benefited from voidable transfers or liens. Issuance or levy of execution before final judgment prohibited.36a-236(Formerly Sec. 36-50). Final distribution of receivership accounts.36a-237(Formerly Sec. 36-51). Distribution of assets of any Connecticut bank, trust bank or innovation bank. Order of priority. Distribution of assets of a Connecticut credit union in event of liquidation. Sequence of distribution.36a-237a to 36a-237eConn. Gen. Stat. § 36a-237a to 36a-237e36a-237fProcedures re filing claims against the estate of trust banks and innovation banks in receivership. Judgment. Appeal. Payment of claims.36a-237gDisposition of fiduciary records re fiduciary accounts of trust banks and innovation banks.36a-237hImmunity for receivers and conservators of trust banks and innovation banks and their employees.36a-238(Formerly Sec. 36-51a). Subrogation of Federal Deposit Insurance Corporation, National Credit Union Administration or successor agencies.36a-239(Formerly Sec. 36-52). Discharge of receiver or conservator.36a-240 to 36a-249Conn. Gen. Stat. § 36a-240 to 36a-249