Connecticut § 45a-205 (Formerly Sec. 45-259). Fiduciary powers re increase in capital stock assets of estate.

Connecticut Statutes

§ 45a-205 — (Formerly Sec. 45-259). Fiduciary powers re increase in capital stock assets of estate.

Connecticut·Title 45a Probate Courts and Procedure·Ch. 802 Fiduciaries

Whenever any fiduciary holds shares of the stock of any corporation as assets of the estate in his charge and there is an increase of the capital stock of any such corporation, such fiduciary may, with the consent of the court of probate having jurisdiction of such estate, (1) subscribe for and take the shares of the increased capital stock to which such estate may be entitled or (2) sell and transfer to others the right to subscribe for such shares. See Sec. 45a-199 for definition of “fiduciary”.

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Whenever any fiduciary holds shares of the stock of any corporation as assets of the estate in his charge and there is an increase of the capital stock of any such corporation, such fiduciary may, with the consent of the court of probate having jurisdiction of such estate, (1) subscribe for and take the shares of the increased capital stock to which such estate may be entitled or (2) sell and transfer to others the right to subscribe for such shares. See Sec. 45a-199 for definition of “fiduciary”.

Connecticut § 45a-205 ((Formerly Sec. 45-259). Fiduciary powers re increase in capital stock assets of estate.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(1949 Rev., S. 7044; P.A. 80-476, S. 188.) History: P.A. 80-476 substituted “fiduciary” for “executor, administrator, trustee, conservator or guardian” and made other minor changes; Sec. 45-259 transferred to Sec. 45a-205 in 1991. Annotation to former section 45-259: Cited. 79 C. 561.