There is a newer version of the Connecticut General Statutes
2013 Connecticut General Statutes
Title 33 - Corporations
Chapter 595 - Cooperative Associations
Section 33-191 - Issue of certificate of shares.
CT Gen Stat § 33-191 (2013) What's This?
No certificate of shares shall be issued to any person until the full amount thereof has been paid in cash, and no shareholder shall receive less than the par value of any share when disposing of the same to the board of managers. No person shall be allowed to become a shareholder in such association except by the consent of the managers.
(1949 Rev., S. 5300.)
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