Regulations of Connecticut State Agencies
As used in sections 36a-446-1 to 36a-446-5, inclusive, of the Regulations of Connecticut State agencies: (1) "Term share account" means any share certificate account, interest-bearing certificate of deposit account, dividend-bearing certificate account or other account with a maturity of at least seven days in which the member generally does not have a right to make withdrawals for six days after the account is opened, unless the account is subject to a premature withdrawal penalty of at least seven days' dividends on amounts withdrawn, offered by a Connecticut credit union to a member for payments received on term shares; and (2) "term share" means any share having an agreed maturity authorized pursuant to subsection (g) of section 36a-446 of the Connecticut General Statutes.
(Effective June 15, 1982; TransferredApril 24, 1995; Amended January 30, 1996)