There is a newer version of the Connecticut General Statutes
2005 Connecticut Code - Sec. 33-667. Issued and outstanding shares.
Sec. 33-667. Issued and outstanding shares. (a) A corporation may issue the
number of shares of each class or series authorized by the certificate of incorporation.
Shares that are issued are outstanding shares until they are reacquired, redeemed, converted or cancelled.
(c) At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.
(P.A. 94-186, S. 41, 215; P.A. 96-271, S. 34, 254.)
History: P.A. 94-186 effective January 1, 1997; P.A. 96-271 amended Subsec. (a) to replace "articles" of incorporation with "certificate" of incorporation, effective January 1, 1997.
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