GroundRules
← Search the law
Connecticut · Through Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)

Conn. Gen. Stat. § 32-47: Personal liability of directors or persons acting on behalf of the corporation.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 32. COMMERCE AND ECONOMIC AND COMMUNITY DEVELOPMENT
  2. CHAPTER 581*. INNOVATION CAPITAL ACT OF 1989. CONNECTICUT INNOVATIONS, INCORPORATED

(a) Neither the directors of Connecticut Innovations, Incorporated nor any person acting on behalf of said corporation executing any notes, bonds, contracts, agreements or other obligations issued pursuant to this chapter shall be liable personally on such notes, bonds, contracts, agreements or obligations, or be subject to any personal liability or accountability by reason of the issuance thereof.

(b) No director shall be personally liable for damage or injury, not wanton or wilful, caused in the performance of his duties and within the scope of his employment. Any person having a complaint for such damage or injury shall present it as a claim against the state under the provisions of chapter 53.

Collected 2026-09-06T19:07:10Z. Source file · JSON

Browse this collection