Conn. Gen. Stat. § 36a-609

Current with legislation from the 2024 Regular and Special Sessions.

Section 36a-609 - (Formerly Sec. 36-545). Exemptions

The provisions of sections 36a-597 to 36a-607, inclusive, and sections 36a-611 and 36a-612 shall not apply to:

(1) Any federally insured federal bank, out-of-state bank, Connecticut bank, Connecticut credit union, federal credit union or out-of-state credit union, provided such institution does not engage in the business of money transmission in this state through any person who is not (A) a federally insured federal bank, out-of-state bank, Connecticut bank, Connecticut credit union, federal credit union or out-of-state credit union, (B) a person licensed pursuant to sections 36a-595 to 36a-612, inclusive, or an authorized delegate acting on behalf of such licensed person, or (C) a person exempt pursuant to subdivisions (2) to (4), inclusive, of this section;

(2) Any Connecticut bank that is an innovation bank organized pursuant to subsection (t) of section 36a-70;

(3) The United States Postal Service and any contractor that engages in the business of money transmission in this state on behalf of the United States Postal Service; and

(4) A person whose activity is limited to the electronic funds transfer of governmental benefits for or on behalf of a federal, state or other governmental agency, quasi-governmental agency or government sponsored enterprise.

Conn. Gen. Stat. § 36a-609

(P.A. 81-264, S. 16; P.A. 91-357 , S. 58 , 78 P.A. 92-12 , S. 99 ; P.A. 94-122 , S. 284 , 340 ; P.A. 01-56 , S. 16 ; P.A. 03-61 , S. 6 ; P.A. 04-14 , S. 12 ; P.A. 09-208 , S. 21 ; P.A. 13-253 , S. 16 .)

Amended by P.A. 24-0001,S. 29 of the Connecticut Acts of the 2024 Special Session, eff. 7/1/2024.

Amended by P.A. 23-0126,S. 26 of the Connecticut Acts of the 2023 Regular Session, eff. 10/1/2023.