{"data":{"id":"us-ct/conn.-gen.-stat.-42a-8-103","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 42a-8-103","heading":"Rules for determining whether certain obligations and interests are securities or financial assets.","body":"(a) A share or similar equity interest issued by a corporation, business trust, joint stock company or similar entity is a security.\n(b) An “investment company security” is a security. “Investment company security” means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, in interest in a unit investment trust that is so registered, or face-amount certificate issued by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.\n(c) An interest in a partnership or limited liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this article or it is an investment company security. However, an interest in a partnership or limited liability company is a financial asset if it is held in a securities account.\n(d) A writing that is a security certificate is governed by this article and not by article 3, even though it also meets the requirements of that article. However, a negotiable instrument governed by article 3 is a financial asset if it is held in a securities account.\n(e) An option or similar obligation issued by a clearing corporation to its participants is not a security, but is a financial asset.\n(f) A commodity contract, as defined in section 42a-9-102, is not a security or a financial asset.\n(g) A document of title is not a financial asset unless subdivision (10)(C) of subsection (a) of section 42a-8-102 applies.\n(h) A controllable account, controllable electronic record or controllable payment intangible is not a financial asset unless subdivision (10)(C) of subsection (a) of section 42a-8-102 applies.","path":["TITLE 42a. UNIFORM COMMERCIAL CODE","ARTICLE 8. INVESTMENT SECURITIES","PART 1. SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://www.cga.ct.gov/2026/sup/art_008.htm#sec_42a-8-103","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":"2026-09-06T19:07:27Z","sha256":"b60058705219210bedb7760551257f2ec6e6c79944d6c3bd06f8c148d0c3af09","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-42a-8-102","next":"us-ct/conn.-gen.-stat.-42a-8-104"},"notice":"GroundRules: Original legal text. Not legal advice."}