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Conn. Gen. Stat. § 33-677

Shares without certificates

Known as the Connecticut Business Corporation Act

The act spans §§ 33–33 (278 sections).

(P.A. 94-186, S. 49, 215; P.A. 96-271, S. 40, 254.) History: P.A. 94-186 effective January 1, 1997; P.A. 96-271 amended Subsec

(a) Unless the certificate of incorporation or a bylaw provides otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation.

(b) Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by subsections (b) and (c) of section 33-676 , and, if applicable, section 33-678 .

Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.