Connecticut General Statutes 20-450 – Definitions
As used in sections 20-450 to 20-462, inclusive, unless the context otherwise requires:
Terms Used In Connecticut General Statutes 20-450
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) “Association” means (A) an association, as defined in § 47-202, and an association of unit owners, as defined in § 47-68a and in § 47-68 of the general statutes, revision of 1958, revised to January 1, 1975, and (B) the mandatory owners organization of any common interest community, as defined in § 47-202, which community was not created under chapter 825 or 828 or under chapter 825 of the general statutes, revision of 1958, revised to January 1, 1975. “Association” does not include an association of a common interest community which contains only units restricted to nonresidential use;
(2) “Community association manager” means a natural person who directly provides association management services;
(3) “Association management services” means services provided to an association for remuneration, including one or more of the following: (A) Collecting, controlling or disbursing funds of the association or having the authority to do so; (B) preparing budgets or other financial documents for the association; (C) assisting in the conduct of or conducting association meetings; (D) advising or assisting the association in obtaining insurance; (E) coordinating or supervising the overall operations of the association; and (F) advising the association on the overall operations of the association. Any person licensed in this state under any provision of the general statutes or rules of court who provides the services for which such person is licensed to an association for remuneration shall not be deemed to be providing association management services. Any director, officer or other member of an association who provides services specified in this subdivision to the association of which he or she is a member shall not be deemed to be providing association management services unless such director, officer or other member owns or controls more than two-thirds but less than all of the votes in such association;
(4) “Commission” means the Connecticut Real Estate Commission appointed under the provisions of § 20-311a;
(5) “Department” means the Department of Consumer Protection;
(6) “Person” means an individual, partnership, corporation, limited liability company or other legal entity; and
(7) “Community association manager trainee” means a natural person working under the direct supervision of a community association manager, for the purpose of being trained in the provision of association management services.