§ 42-295 Definitions
§ 42-296 Sweepstakes. Restrictions on advertisements
§ 42-297 Required disclosures
§ 42-298 Games of skill. Restriction on advertisement
§ 42-299 Simulated checks. Restricted use
§ 42-300 Unfair trade practice
§ 42-301 Sweepstakes or promotional drawing. Restrictions. Violations. Exceptions

Terms Used In Connecticut General Statutes > Chapter 743n

  • 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.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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.