Title 34, Title 34: Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts

Sec. 34-408. (Formerly Sec. 34-81u). Domestic and foreign limited liability partnerships: Statutory agent for service. (a) Each registered limited liability partnership which does not have its principal office in this state and each foreign registered limited liability partnershi…

Sec. 34-409. (Formerly Sec. 34-81v). Domestic and foreign limited liability partnerships: Amendment of certificate. The certificate of limited liability partnership of a registered limited liability partnership or the certificate of authority of a foreign registered limited liabi…

Sec. 34-410. (Formerly Sec. 34-81w). Domestic and foreign limited liability partnerships: Execution of documents. (a) Unless otherwise specified in sections 34-300 to 34-434, inclusive, any document required by said sections to be filed with, or delivered to, the Secretary of the…

Sec. 34-411. (Formerly Sec. 34-81x). Domestic and foreign limited liability partnerships: Filing of documents. (a) The original signed copy of a certificate of limited liability partnership of a registered limited liability partnership or the certificate of authority of a foreign…

Sec. 34-412. (Formerly Sec. 34-81y). Domestic and foreign limited liability partnerships: Interrogatories by Secretary of the State. (a) The Secretary of the State may propound to any registered limited liability partnership or foreign registered limited liability partnership, su…

Sec. 34-413. (Formerly Sec. 34-81z). Domestic and foreign limited liability partnerships: Fees payable to Secretary of the State. The Secretary of the State shall charge and collect the following fees and remit them to the Treasurer for the use of the state: (a) Fees for filing d…

Sec. 34-419. (Formerly Sec. 34-81b). Domestic limited liability partnership: Filing of certificate. (a) To become a registered limited liability partnership, a partnership shall file a certificate of limited liability partnership with the Secretary of the State, stating the name …

Sec. 34-420. (Formerly Sec. 34-81c). Domestic limited liability partnership: Annual report. (a) Each registered limited liability partnership shall file an annual report by electronic transmission with the Secretary of the State, which report shall be due upon the anniversary of …

Sec. 34-421. (Formerly Sec. 34-81d). Domestic limited liability partnership: Failure to file report. Incorrect report. (a) Any registered limited liability partnership required to file an annual report as provided in section 34-420, which fails to file its annual report on or bef…

Sec. 34-422. (Formerly Sec. 34-81e). Domestic limited liability partnership: Revocation of certificate. (a) The Secretary of the State may effect the revocation of a registered limited liability partnership's certificate of registered limited liability partnership as provided in …

Sec. 34-422a. Domestic limited liability partnership: Reinstatement after revocation. (a) At any time after revocation of registered limited liability partnership status pursuant to section 34-422, such status may be reinstated as provided in this section. (b) If the name of the …

Sec. 34-423. (Formerly Sec. 34-81f). Domestic limited liability partnership: Renunciation of status. A registered limited liability partnership may renounce its status as a registered limited liability partnership by filing a renunciation of status report in the office of the Sec…

Sec. 34-429. (Formerly Sec. 34-81j). Foreign limited liability partnership: Filing certificate of authority to transact business. Before transacting business in this state, a foreign registered limited liability partnership shall file a certificate of authority with the Secretary…

Sec. 34-430. (Formerly Sec. 34-81k). Foreign limited liability partnership: Transacting business without filing certificate of authority. (a) A foreign registered limited liability partnership transacting business in this state may not maintain an action, suit or proceeding in a …

Sec. 34-431. (Formerly Sec. 34-81l). Foreign limited liability partnership: Annual report. (a) A foreign registered limited liability partnership authorized to transact business in this state shall file an annual report by electronic transmission with the office of the Secretary …

Sec. 34-432. (Formerly Sec. 34-81m). Foreign limited liability partnership: Failure to file report. Incorrect report. (a) Any foreign registered limited liability partnership required to file an annual report as provided in section 34-431, which fails to file its annual report on…

Sec. 34-433. (Formerly Sec. 34-81n). Foreign limited liability partnership: Revocation of certificate of authority. (a) The certificate of authority of a foreign registered limited liability partnership to transact business in this state may be revoked by the Secretary of the Sta…

Sec. 34-434. (Formerly Sec. 34-81o). Foreign limited liability partnership: Withdrawal of certificate of authority. A foreign registered limited liability partnership may withdraw its certificate of authority by filing a report in the office of the Secretary of the State which se…

Sec. 34-500. Short title: Connecticut Statutory Trust Act. Sections 34-500 to 34-547, inclusive, shall be known and may be cited as the “Connecticut Statutory Trust Act”. (P.A. 96-271, S. 219, 254.) History: P.A. 96-271 effective October 1, 1997.

Sec. 34-501. Definitions. For purposes of sections 34-500 to 34-547, inclusive: (1) “Beneficial owner” means any owner of a beneficial interest in a statutory trust. Beneficial ownership shall be determined and evidenced, whether by means of registration, the issuance of certific…

Sec. 34-502. Authorization of statutory trust. Applicability to common law business trusts. Governing law. (a) A statutory trust is hereby declared to be a permitted form of association for the conduct of business in this state, provided the provisions of sections 34-500 to 34-54…

Sec. 34-502a. Purposes of statutory trust. A statutory trust may be organized to carry on any lawful business or activity, whether or not conducted for profit, and for any lawful purpose, including, without limitation, holding or otherwise taking title to property, whether in an …

Sec. 34-502b. Powers and liabilities of statutory trust. A statutory trust shall have the power to sue and be sued in its own name. In furtherance of the foregoing, a statutory trust may be sued for debts and other obligations or liabilities contracted or incurred by the trustees…

Sec. 34-503. Certificate of trust. Filing of documents. (a) Every statutory trust shall file a signed copy of its certificate of trust with the office of the Secretary of the State. The certificate of trust shall set forth: (1) A name of the statutory trust that satisfies the req…

Sec. 34-504. Execution of certificates. (a) Each certificate required by sections 34-500 to 34-547, inclusive, to be filed in the office of the Secretary of the State shall be executed in the following manner: (1) A certificate of trust shall be signed by all of the trustees; (2)…

Sec. 34-505. Effective time and date of certificate. Upon the filing of a certificate of trust with the Secretary of the State, or upon the future effective date or time of a certificate of trust as provided for therein, the certificate of trust shall be effective. Upon the filin…

Sec. 34-506. Name of statutory trust. Reservation of name. (a) The name of each statutory trust as set forth in its certificate of trust shall be such as to distinguish it upon the records of the office of the Secretary of the State from: (1) The name of any corporation, limited …

Sec. 34-507. Appointment of statutory agent for service of process. (a) Each statutory trust shall have and maintain a statutory agent for service in this state, as provided in this section. A statutory agent for service shall be: (1) A natural person who is a resident of this st…

Sec. 34-508. Service of process. (a) A trustee of a statutory trust may be served with process in all civil actions or proceedings brought in this state involving or relating to the activities of the statutory trust or a violation by a trustee of a duty to the statutory trust or …

Sec. 34-509. Fees payable to the Secretary of the State. (a) The Secretary of the State shall charge and collect the following fees and remit them to the Treasurer for the use of the state: (1) For filing of an application for reservation of name, and application for renewal of r…

Sec. 34-510. Interrogatories by Secretary of the State. (a) The Secretary of the State may propound to any statutory trust subject to the provisions of sections 34-500 to 34-547, inclusive, domestic or foreign, and to any trustee thereof, interrogatories as may be reasonably nece…

Sec. 34-511. Powers of Secretary of the State. The Secretary of the State has the power reasonably necessary to perform the duties required of the Secretary by sections 34-500 to 34-547, inclusive. (P.A. 24-111, S. 48.) History: P.A. 24-111 effective June 4, 2024 (Revisor's note:…

Sec. 34-515. Contributions by beneficial owners. (a) A contribution of a beneficial owner to the statutory trust may be in cash, property or services rendered or a promissory note or other obligation to contribute cash or property or to perform services; provided, a person may be…

Sec. 34-516. Rights of beneficial owners in property of statutory trust. (a) Except to the extent otherwise provided in the governing instrument of the statutory trust, a beneficial owner shall have an undivided beneficial interest in the property of the statutory trust and shall…

Sec. 34-517. Management of statutory trust. (a) Except to the extent otherwise provided in the governing instrument of the statutory trust, the business and affairs of a statutory trust shall be managed by or under the direction of its trustees. To the extent provided in the gove…

Sec. 34-518. Existence of statutory trust. (a) Except to the extent otherwise provided in the governing instrument of the statutory trust, a statutory trust shall have perpetual existence, and a statutory trust may not be terminated or revoked by a beneficial owner or other perso…

Sec. 34-519. Applicability of laws pertaining to trusts. Classification for taxation purposes. Except to the extent otherwise provided or authorized in sections 34-500 to 34-547, inclusive, the laws of this state pertaining to trusts are applicable to statutory trusts; provided, …

Sec. 34-520. Applicability of law re foreign corporation acting as trustee. Sections 34-500 to 34-547, inclusive, do not apply in determining the application of section 45a-206 to the trustee of any statutory trust. (P.A. 96-271, S. 249, 254.) History: P.A. 96-271 effective Octob…

Sec. 34-521. Merger or consolidation. (a) Pursuant to an agreement of merger or consolidation, a statutory trust may merge or consolidate with or into one or more statutory trusts or other business entities formed, organized or existing under the laws of this or any other state, …

Sec. 34-522. Derivative actions. (a) A beneficial owner may bring an action in the Superior Court in the right of a statutory trust to recover a judgment in its favor if trustees with authority to do so have refused to bring the action or if an effort to cause such trustees to br…

Sec. 34-523. Liability of beneficial owners, trustees, officers, employees and managers. (a) Except to the extent otherwise provided in the governing instrument of the statutory trust, the beneficial owners of a statutory trust shall be entitled to the same limitation of personal…

Sec. 34-524. Indemnification. (a) Subject to such standards and restrictions, if any, as are set forth in the governing instrument of a statutory trust, a statutory trust shall have the power to indemnify and hold harmless any trustee or beneficial owner or other person from and …

Sec. 34-530. Governing law. Subject to the Constitution of this state, the laws of the state or other jurisdictions under which a foreign statutory trust is organized shall govern its organization and internal affairs. A foreign statutory trust may not be denied registration by r…

Sec. 34-531. Registration with Secretary of the State. Before transacting business in this state, a foreign statutory trust shall register with the Secretary of the State. In order to register, a foreign statutory trust shall submit to the Secretary of the State a signed copy of …

Sec. 34-532. Appointment of agent for service of process. (a) Each foreign statutory trust shall, before transacting business in this state, appoint in writing an agent upon whom all process, in any action or proceeding against it, may be served, and by such appointment the forei…

Sec. 34-533. Service of process on statutory agent. (a) Any process, notice or demand in connection with any action or proceeding required or permitted by law to be served upon a foreign statutory trust authorized to transact business in this state which is subject to the provisi…