Connecticut General Statutes 36a-629 – Safe and sound business practice required
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(a) Each licensee shall transact its business in a safe and sound manner and shall maintain itself in a safe and sound condition.
Terms Used In Connecticut General Statutes 36a-629
- 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.
- Licensee: means any person who is licensed or required to be licensed pursuant to the applicable provisions of this title. See Connecticut General Statutes 36a-2
(b) No licensee or the directors or officers of such licensee, if such licensee is a corporation, shall commit any unsafe or unsound act.