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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. § 33-1165: Sale or other disposition of assets in regular course of affairs. Mortgage or other encumbrance or transfer of assets.

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Where this section sits in the code
  1. TITLE 33. CORPORATIONS
  2. CHAPTER 602. NONSTOCK CORPORATIONS
  3. PART X. SALE OF ASSETS

No approval of the members of a corporation is required, unless the certificate of incorporation otherwise provides: (1) To sell, lease, exchange or otherwise dispose of any or all of the corporation's assets in the usual and regular course of affairs of the corporation; (2) to mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of the corporation's assets, whether or not in the usual and regular course of affairs of the corporation; or (3) to transfer any or all of the corporation's assets to one or more corporations or other entities, all of the shares or interests of which are owned by the corporation or of which the corporation is the sole member, or to a corporation which is the sole member of the corporation.

Collected 2026-09-06T19:07:11Z. Source file · JSON

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