§ 33-1350 Short title: Connecticut Benefit Corporation Act
§ 33-1351 Definitions
§ 33-1352 Construction of statutes
§ 33-1353 Incorporation of benefit corporation
§ 33-1354 Election of benefit corporation status
§ 33-1355 Legacy preservation provision
§ 33-1356 Termination of benefit corporation status
§ 33-1357 Purposes
§ 33-1358 Standards of conduct for directors
§ 33-1359 Benefit director
§ 33-1360 Standards of conduct for officers
§ 33-1361 Benefit officer
§ 33-1362 Right of action. Benefit enforcement proceeding
§ 33-1363 Third-party standard. Preparation of annual benefit report
§ 33-1364 Availability of annual benefit report

Terms Used In Connecticut General Statutes > Chapter 604 - Benefit Corporations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Legacy: A gift of property made by will.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Statute: A law passed by a legislature.