Connecticut General Statutes 38a-404 – Limitations on powers
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No person subject to sections 38a-400 to 38a-425, inclusive, shall engage in activities prohibited to corporations under § 38a-45, except that such persons may guarantee the obligations of their agents in the normal course of business by issuing closing protection letters.
Terms Used In Connecticut General Statutes 38a-404
- Person: means an individual, a corporation, a partnership, a limited liability company, an association, a joint stock company, a business trust, an unincorporated organization or other legal entity. See Connecticut General Statutes 38a-1