Connecticut § 34-602 Required notice or approval. Restriction re property held for charitable purpose.

Connecticut Statutes

§ 34-602 — Required notice or approval. Restriction re property held for charitable purpose.

Connecticut § 34-602

Title 34Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts

Ch. 616Entity Transactions

This text of Connecticut § 34-602 (Required notice or approval. Restriction re property held for charitable purpose.) 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. § 34-602 (2026).

Text

(a)A domestic or foreign entity that is required to give notice to or obtain the approval of a governmental agency or officer in order to be a party to a merger shall give such notice or obtain such approval in order to be a party to an interest exchange, conversion or domestication.

(b)Property held for a charitable purpose under the law of this state by a domestic or foreign entity immediately before a transaction under this chapter becomes effective shall not, as a result of the transaction, be diverted from the objects for which it was donated, granted or devised, unless, to the extent required by or pursuant to the law of this state concerning cy pres or other law concerning nondiversion of charitable assets, the entity obtains an appropriate order of the court specifying the dispos

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

(a) A domestic or foreign entity that is required to give notice to or obtain the approval of a governmental agency or officer in order to be a party to a merger shall give such notice or obtain such approval in order to be a party to an interest exchange, conversion or domestication. (b) Property held for a charitable purpose under the law of this state by a domestic or foreign entity immediately before a transaction under this chapter becomes effective shall not, as a result of the transaction, be diverted from the objects for which it was donated, granted or devised, unless, to the extent required by or pursuant to the law of this state concerning cy pres or other law concerning nondiversion of charitable assets, the entity obtains an appropriate order of the court specifying the disposition of the property.

Legislative History

(P.A. 11-241, S. 3; P.A. 24-70, S. 6.) History: P.A. 11-241 effective January 1, 2014; P.A. 24-70 amended Subsec. (b) by replacing “Attorney General” with “court” re order of disposition.