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 § 45a-205

Title 45aProbate Courts and Procedure

Ch. 802Fiduciaries

This text of Connecticut § 45a-205 ((Formerly Sec. 45-259). Fiduciary powers re increase in capital stock assets of estate.) 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. § 45a-205 (2026).

Text

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”.

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.