Connecticut § 32-39c Limitation on liability of Connecticut Innovations, Incorporated and certain officers with respect to affiliates of the corporation.

Connecticut Statutes

§ 32-39c — Limitation on liability of Connecticut Innovations, Incorporated and certain officers with respect to affiliates of the corporation.

Connecticut § 32-39c

Title 32Commerce and Economic and Community Development

Ch. 581Innovation Capital Act of 1989. Connecticut Innovations, Incorporated

This text of Connecticut § 32-39c (Limitation on liability of Connecticut Innovations, Incorporated and certain officers with respect to affiliates of the corporation.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 32-39c (2026).

Text

(a)With respect to any affiliate created pursuant to section 32-39, liability shall be limited solely to the assets and revenues or other resources of any such affiliate and without recourse liability to Connecticut Innovations, Incorporated, its other funds or any other assets of the corporation, except to the extent of any express written guarantees by the corporation or any investments made or committed to by the corporation.

(b)The provisions of sections 32-47 and 1-125 shall apply to any officer, director, designee or employee serving at the request of the corporation as a member, director or officer or advisor of any such affiliate. Any such person so appointed shall not be personally liable for the debts, obligations or liabilities of any such affiliate as provided in said section

Free access — add to your briefcase to read the full text and ask questions with AI

(a) With respect to any affiliate created pursuant to section 32-39, liability shall be limited solely to the assets and revenues or other resources of any such affiliate and without recourse liability to Connecticut Innovations, Incorporated, its other funds or any other assets of the corporation, except to the extent of any express written guarantees by the corporation or any investments made or committed to by the corporation. (b) The provisions of sections 32-47 and 1-125 shall apply to any officer, director, designee or employee serving at the request of the corporation as a member, director or officer or advisor of any such affiliate. Any such person so appointed shall not be personally liable for the debts, obligations or liabilities of any such affiliate as provided in said section 1-125 . Any affiliate shall and the corporation may provide the indemnification to protect, save harmless and indemnify such officer, director, designee or employee as provided in said section 1-125 .