{"data":{"id":"us-ct/conn.-gen.-stat.-34-523","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 34-523","heading":"Liability of beneficial owners, trustees, officers, employees and managers.","body":"(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 liability extended to shareholders of domestic corporations.\n(b) Except to the extent otherwise provided in the governing instrument of a statutory trust, a trustee, when acting in such capacity, shall not be personally liable to any person other than the statutory trust or a beneficial owner for any act, omission or obligation of the statutory trust or any trustee thereof.\n(c) Except to the extent otherwise provided in the governing instrument of a statutory trust, an officer, employee, manager or other person acting pursuant to subdivision (7) of subsection (b) of section 34-517, when acting in such capacity, shall not be personally liable to any person other than the statutory trust or a beneficial owner for any act, omission or obligation of the statutory trust or any trustee thereof.","path":["TITLE 34. LIMITED PARTNERSHIPS, PARTNERSHIPS, PROFESSIONAL ASSOCIATIONS, LIMITED LIABILITY COMPANIES AND STATUTORY TRUSTS","CHAPTER 615. STATUTORY TRUSTS"],"source_url":"https://www.cga.ct.gov/current/pub/chap_615.htm#sec_34-523","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:11Z","sha256":"5b1fbd7eeab5e9af93f7a1dafcbbbfe8090679edb91305617948d81ca89907f9","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-34-522","next":"us-ct/conn.-gen.-stat.-34-524"},"notice":"GroundRules: Original legal text. Not legal advice."}