Bill Text: CT HB05160 | 2014 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: An Act Concerning Secured And Unsecured Lending.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2014-04-03 - File Number 339 [HB05160 Detail]

Download: Connecticut-2014-HB05160-Introduced.html

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General Assembly		Raised Bill No. 5160
February Session, 2014		LCO No. 847
		*00847_______BA_*
Referred to Committee on BANKS
Introduced by:
(BA)

AN ACT CONCERNING SECURED AND UNSECURED LENDING.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subdivision (21) of subsection (a) of section 36a-250 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2014):

(21) Make secured and unsecured loans and issue letters of credit, [as authorized by and subject to section 36a-260] except as otherwise expressly limited by sections 36a-261 to 36a-265, inclusive;

Sec. 2. Section 36a-260 of the general statutes is repealed. (Effective October 1, 2014)

This act shall take effect as follows and shall amend the following sections:
Section 1	October 1, 2014	36a-250(a)(21)
Sec. 2	October 1, 2014	Repealer section

Statement of Purpose:

To repeal a duplicate provision in the general statutes.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]