Connecticut § 36a-868 Waiver provisions re provider obtaining prejudgment remedy. Unenforceable provisions.

Connecticut Statutes

§ 36a-868 — Waiver provisions re provider obtaining prejudgment remedy. Unenforceable provisions.

Connecticut·Title 36a The Banking Law of Connecticut·Ch. 669 Regulated Activities

No commercial financing contract entered into on or after July 1, 2024, shall contain any provision waiving a recipient's right to notice, judicial hearing or prior court order under chapter 903a in connection with the provider obtaining any prejudgment remedy, including, but not limited to, attachment, execution, garnishment or replevin, upon commencing any litigation against the recipient. Any such provision in a commercial financing contract entered into on or after July 1, 2024, shall be unenforceable.

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No commercial financing contract entered into on or after July 1, 2024, shall contain any provision waiving a recipient's right to notice, judicial hearing or prior court order under chapter 903a in connection with the provider obtaining any prejudgment remedy, including, but not limited to, attachment, execution, garnishment or replevin, upon commencing any litigation against the recipient. Any such provision in a commercial financing contract entered into on or after July 1, 2024, shall be unenforceable.

Connecticut § 36a-868 (Waiver provisions re provider obtaining prejudgment remedy. Unenforceable provisions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.