# Conn. Gen. Stat. § 36a-428g: Sec. 36a-428g. Representative office; licensing requirements; application; fee; renewal; content of license; investigation of facts by commissioner. Foreign bank subject to regulations and orders of commissioner

> Connecticut · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428g

## Section

- **Citation:** Conn. Gen. Stat. § 36a-428g
- **Heading:** Sec. 36a-428g. Representative office; licensing requirements; application; fee; renewal; content of license; investigation of facts by commissioner. Foreign bank subject to regulations and orders of commissioner
- **Jurisdiction:** Connecticut
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Connecticut Code / Title 36a / Chapter 666 / Section 36a-428g

## Text

(b) Upon the filing of the required application and license fee, the commissioner shall investigate the facts and may issue a license if the commissioner finds (1) the foreign bank is of good character and sound financial standing; (2) the management of the foreign bank and the proposed management of the representative office are adequate; and (3) the convenience and needs of persons to be served by the proposed representative office will be promoted.

(c) In establishing and maintaining a representative office, a foreign bank shall be subject to such regulations and orders as the commissioner considers appropriate to carry out the purposes of sections 36a-428 to 36a-428 l , inclusive. Such foreign bank shall be deemed to transact business or conduct affairs in this state for the purposes of section 33-920 or subsection (a) of section 33-1210 and shall comply with the requirements of said sections.

## Nearby sections

- [Conn. Gen. Stat. § 36a-410 Sec. 36a-410. (Formerly Sec. 36-552). Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-410.md)
- [Conn. Gen. Stat. § 36a-410a Sec. 36a-410a. Mergers between Connecticut and out-of-state banks authorized. Interstate branching.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-410a.md)
- [Conn. Gen. Stat. § 36a-412 Sec. 36a-412. (Formerly Sec. 36-555). Out-of-state banks: Merger, consolidation and acquisition. De novo branches. Powers of branches. Loan production offices. Applicability of Connecticut law. Commissioner approval.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-412.md)
- [Conn. Gen. Stat. § 36a-425 Sec. 36a-425. (Formerly Sec. 36-5a). Foreign banking corporations not to do business in this state. Excepted activities.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-425.md)
- [Conn. Gen. Stat. § 36a-428a Sec. 36a-428a. Application for license to establish and maintain state branch or state agency. Application form, supporting documents, fee. Investigation by commissioner and issuance of license. Display of license. License may not be transferred or assigned.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428a.md)
- [Conn. Gen. Stat. § 36a-428b Sec. 36a-428b. Operation of foreign bank at state branch or state agency, rights, privileges, duties, restrictions, etc., exceptions. Deposit insurance from FDIC not required. Not subject to certain statutory provisions, when. Assessment for expenses of commissioner's office.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428b.md)
- [Conn. Gen. Stat. § 36a-428c Sec. 36a-428c. Deposit of assets by foreign bank. Holding of currency or other assets in relation to liabilities. Unusual and extraordinary circumstances; deposit of assets with banks designated by commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428c.md)
- [Conn. Gen. Stat. § 36a-428d Sec. 36a-428d. Certification of paid-in capital stock, surplus fund and undivided profits; limitation or restriction.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428d.md)
- [Conn. Gen. Stat. § 36a-428g Sec. 36a-428g. Representative office; licensing requirements; application; fee; renewal; content of license; investigation of facts by commissioner. Foreign bank subject to regulations and orders of commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428g.md)
- [Conn. Gen. Stat. § 36a-428h Sec. 36a-428h. Books, accounts and records to be maintained and available at state branch, state agency or representative office. Reports to commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428h.md)
- [Conn. Gen. Stat. § 36a-428i Sec. 36a-428i. Notice of acquisition of control or merger of foreign bank.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428i.md)
- [Conn. Gen. Stat. § 36a-428k Sec. 36a-428k. Voluntary liquidation of business and property of state branches and state agencies.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428k.md)
- [Conn. Gen. Stat. § 36a-428l Sec. 36a-428l. Investigation and examination concerning foreign bank licensed to maintain state branch, state agency or representative office. Commissioner's powers; duties of foreign bank; cost of examination; penalties.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428l.md)
- [Conn. Gen. Stat. § 36a-428n Sec. 36a-428n. Involuntary liquidation of business and property of foreign banks having a state branch or state agency.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428n.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CT_T36a_C666_S36a-428g. Check the current official text before relying on it. Not legal advice.