# Connecticut HB 05431: AN ACT CONCERNING COOPERATIVE CORPORATIONS. Connecticut HB 05431, AN ACT CONCERNING COOPERATIVE CORPORATIONS., is a 2026 Regular Session House bill sponsored by Judiciary Committee; status signed, last action 2026-05-26 (Signed by the Governor); PRIA reads it as touching household money (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/CT-HB05431-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Connecticut HB 05431 - State: Connecticut - Session: 2026 Regular Session - Title: AN ACT CONCERNING COOPERATIVE CORPORATIONS. - Status: signed - Chamber: House - Introduced: 2026-02-27 - Last action: 2026-05-26, Signed by the Governor - Sponsor: Judiciary Committee - Cosponsors: 3 - Subjects: judiciary - Touches household money: yes - Roll calls: 3 (0 yes, 0 no in all) - Economic provisions PRIA read: 5 ## Summary To modernize the state's business cooperative statutes. ## Bill overview: provisions PRIA read - Easier formation for cooperative businesses: benefit, low. Beginning October 1, 2026, three or more people of lawful age can form a Connecticut cooperative by filing a certificate with the Secretary of the State. They no longer need to live in Connecticut or meet the repealed approval and tax-payment conditions for formation. The cooperative must be formed… - Co-ops no longer pay franchise tax: benefit, low. Beginning October 1, 2026, Connecticut repeals the cooperative corporation franchise tax. Cooperative corporations no longer pay this tax, but the law does not state how much they save. - Co-ops must list business locations: cost, low. Beginning October 1, 2026, a cooperative must state its business purpose and locations in its certificate or bylaws. It cannot do business in a place it has not listed. - Co-op members can vote without meetings: mixed, low. Beginning October 1, 2026, a majority of incorporators must call a meeting to organize a cooperative, unless every incorporator signs written consent to act without one. Members can act without a meeting through written consent signed by everyone entitled to vote. A cooperative may instead use writ… - New board and membership rules for co-ops: mixed, low. Beginning October 1, 2026, a cooperative must have at least three directors, usually elected by members each year. Bylaws may divide directors into up to five groups, with later terms lasting two to five years. Bylaws must set member rights and qualifications; members generally must hold or subscri… ## Sponsors and cosponsors - Sponsor: Judiciary Committee - Cosponsor: Aundre Bumgardner (Democratic), House - Cosponsor: Nick Gauthier (Democratic), House - Cosponsor: Tom Delnicki (Republican), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-03-23 | House | House Roll Call Vote 138 | pass | | | | | 2026-03-23 | Senate | Senate Roll Call Vote 330 | pass | | | | | 2026-03-23 | House | JUD Vote Tally Sheet (Joint Favorable) | pass | | | | ## Actions (19) - 2026-05-26: Signed by the Governor (legislature) - 2026-05-15: Transmitted by Secretary of the State to Governor (legislature) - 2026-05-15: Transmitted to the Secretary of State (legislature) - 2026-05-14: Public Act 26-59 (legislature) - 2026-05-05: On Consent Calendar / In Concurrence (legislature) - 2026-05-05: Senate Passed (Senate) - 2026-04-30: Senate Calendar Number 491 (Senate) - 2026-04-30: Favorable Report, Tabled for the Calendar, Senate (Senate) - 2026-04-29: Immediate Transmittal to the Senate (Senate) - 2026-04-29: House Passed (House) - 2026-04-09: File Number 534 (legislature) - 2026-04-09: House Calendar Number 353 (House) - 2026-04-09: Favorable Report, Tabled for the Calendar, House (House) - 2026-04-09: Reported Out of Legislative Commissioners' Office (legislature) - 2026-04-02: Referred to Office of Legislative Research and Office of Fiscal Analysis 04/08/26 5:00 PM (legislature) - 2026-03-24: Filed with Legislative Commissioners' Office (legislature) - 2026-03-23: Joint Favorable (legislature) - 2026-03-12: Public Hearing 03/16 (legislature) - 2026-02-27: Referred to Joint Committee on Judiciary (legislature) ## Bill text - Public Act No. 26-59, 2026-05-14: [PDF](https://www.cga.ct.gov/2026/ACT/PA/PDF/2026PA-00059-R00HB-05431-PA.PDF) - File No. 534, 2026-04-09: [PDF](https://www.cga.ct.gov/2026/FC/PDF/2026HB-05431-R000534-FC.PDF) - JUD Joint Favorable, 2026-03-23: [PDF](https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05431-R01-HB.PDF) - Raised Bill, 2026-02-27: [PDF](https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05431-R00-HB.PDF) - Bill Analysis For File Copy 534: [PDF](https://www.cga.ct.gov/2026/BA/PDF/2026HB-05431-R000534-BA.PDF) - Fiscal Note For File Copy 534: [PDF](https://www.cga.ct.gov/2026/FN/PDF/2026HB-05431-R000534-FN.PDF) - House Roll Call Vote 138: [PDF](https://www.cga.ct.gov/2026/VOTE/H/PDF/2026HV-00138-R00HB05431-HV.PDF) - JUD Joint Fav. Rpt: [PDF](https://www.cga.ct.gov/2026/JFR/H/PDF/2026HB-05431-R00JUD-JFR.PDF) - JUD Vote Tally Sheet (Joint Favorable): [PDF](https://www.cga.ct.gov/2026/TS/H/PDF/2026HB-05431-R00JUD-CV62-TS.PDF) - Senate Roll Call Vote 330: [PDF](https://www.cga.ct.gov/2026/VOTE/S/PDF/2026SV-00330-R00HB05431-SV.PDF) - Summary for Public Act No. 26-59: [PDF](https://www.cga.ct.gov/2026/SUM/PDF/2026SUM00059-R01HB-05431-SUM.PDF) ## Related bills - HB 05442: AN ACT CONCERNING THE PROPERTY TAX EXEMPTION FOR AND TAX AGREEMENTS RELATED TO CERTAIN CLASS I RENEWABLE ENERGY SOURCES. (signed) - HB 05349: AN ACT CONCERNING A POLICE OFFICER TRAINING PROGRAM AND THE ROUNDING OF CERTAIN CASH PURCHASES. (signed) - HB 05340: AN ACT CONCERNING RENEWABLE POWER GENERATION. (signed) - HB 05153: AN ACT CONCERNING MINOR REVISIONS TO DEPARTMENT OF ENERGY AND ENVIRONMENTAL PROTECTION RELATED STATUTES. (signed) - SB 00488: AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS TO THE UNCLAIMED PROPERTY PROGRAM AND SECOND INJURY FUND. (signed) - SB 00475: AN ACT CONCERNING JUDICIAL BRANCH OPERATIONS. (signed) ## Sources - [Public Act No. 26-59 (PDF)](https://www.cga.ct.gov/2026/ACT/PA/PDF/2026PA-00059-R00HB-05431-PA.PDF) - [File No. 534 (PDF)](https://www.cga.ct.gov/2026/FC/PDF/2026HB-05431-R000534-FC.PDF) - [JUD Joint Favorable (PDF)](https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05431-R01-HB.PDF) - [Raised Bill (PDF)](https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05431-R00-HB.PDF) - [Bill Analysis For File Copy 534 (PDF)](https://www.cga.ct.gov/2026/BA/PDF/2026HB-05431-R000534-BA.PDF) - [Fiscal Note For File Copy 534 (PDF)](https://www.cga.ct.gov/2026/FN/PDF/2026HB-05431-R000534-FN.PDF) - [House Roll Call Vote 138 (PDF)](https://www.cga.ct.gov/2026/VOTE/H/PDF/2026HV-00138-R00HB05431-HV.PDF) - [JUD Joint Fav. Rpt (PDF)](https://www.cga.ct.gov/2026/JFR/H/PDF/2026HB-05431-R00JUD-JFR.PDF) - [JUD Vote Tally Sheet (Joint Favorable) (PDF)](https://www.cga.ct.gov/2026/TS/H/PDF/2026HB-05431-R00JUD-CV62-TS.PDF) - [Senate Roll Call Vote 330 (PDF)](https://www.cga.ct.gov/2026/VOTE/S/PDF/2026SV-00330-R00HB05431-SV.PDF) - [Summary for Public Act No. 26-59 (PDF)](https://www.cga.ct.gov/2026/SUM/PDF/2026SUM00059-R01HB-05431-SUM.PDF) ## Related - [HB 05442: AN ACT CONCERNING THE PROPERTY TAX EXEMPTION FOR AND TAX AGREEMENTS RELATED TO…](https://policyrisk.com/state-bill/CT-HB05442-2026) - [HB 05349: AN ACT CONCERNING A POLICE OFFICER TRAINING PROGRAM AND THE ROUNDING OF CERTAIN…](https://policyrisk.com/state-bill/CT-HB05349-2026) - [HB 05340: AN ACT CONCERNING RENEWABLE POWER GENERATION.](https://policyrisk.com/state-bill/CT-HB05340-2026) - [HB 05153: AN ACT CONCERNING MINOR REVISIONS TO DEPARTMENT OF ENERGY AND ENVIRONMENTAL PRO…](https://policyrisk.com/state-bill/CT-HB05153-2026) - [SB 00488: AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS TO THE UNCLAI…](https://policyrisk.com/state-bill/CT-SB00488-2026) - [SB 00475: AN ACT CONCERNING JUDICIAL BRANCH OPERATIONS.](https://policyrisk.com/state-bill/CT-SB00475-2026) - [Connecticut bills](https://policyrisk.com/states/connecticut/bills) - [Connecticut state hub](https://policyrisk.com/states/connecticut) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/CT-HB05431-2026 (as of 2026-11-01).