Connecticut Law
Title 34 Limited Partnerships, Partnerships, Professional Associations, Limited


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Connecticut Laws | Title 34 Limited Partnerships, Partnerships, Professional Associations, Limited

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CHAPTER 609* LIMITED PARTNERSHIPS

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Secs. 34-1 to 34-8. Limited partnerships.

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CHAPTER 610* UNIFORM LIMITED PARTNERSHIP ACT

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Sec. 34-9. Definitions.

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Sec. 34-10. Formation of limited partnership; certificate of limited partnership.

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Sec. 34-10a. Execution of certificates.

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Sec. 34-10b. Filing of certificates with Secretary of the State.

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Sec. 34-10c. Notice.

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Sec. 34-10d. Delivery of certificates to limited partners.

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Sec. 34-11. Authorized types of business.

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Sec. 34-12. Form of contributions by partner.

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Sec. 34-13. Name.

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Sec. 34-13a. Reservation of name.

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Sec. 34-13b. Specified office and agent for service of process.

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Sec. 34-13c. Records to be kept.

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Sec. 34-13d. Interrogatories may be submitted by the Secretary of the State to any limited partnership as may be necessary to determine compliance under this chapter.

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Sec. 34-13e. Annual report.

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Sec. 34-13f. Failure to file report. Incorrect report.

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Sec. 34-14. Liability for false statement in certificates.

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Sec. 34-15. Liability of limited partners to third parties.

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Sec. 34-15a. Voting rights of limited partners.

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Sec. 34-15b. Voting rights of general partners.

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Sec. 34-16. Admission of additional limited partners.

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Sec. 34-17. General powers and liabilities of general partners.

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Sec. 34-17a. Admission of additional general partners.

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Sec. 34-18. Rights of limited partner.

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Sec. 34-19. Person erroneously believing himself a limited partner not a general partner, when.

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Sec. 34-20. Contributions and sharing in profits, losses and distributions by general partners. Rights, powers, restrictions and liabilities of general partners who are also limited partners.

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Sec. 34-20a. Sharing of profits and losses by partners.

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Sec. 34-20b. Distributions and allocation of cash or other assets to partners.

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Sec. 34-20c. Distributions in cash to partner; distributions in kind, when permitted.

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Sec. 34-20d. Interim distributions to partners before withdrawal from limited partnership and before dissolution or winding up thereof.

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Sec. 34-20e. Partner's right to distribution.

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Sec. 34-21. Business transactions of partner with partnership.

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Secs. 34-22 and 34-23. Priority among limited partners. Payment of compensation to limited partners.

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Sec. 34-24. Limitation on amount of distribution.

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Sec. 34-25. Liability of partner to contribute cash or property or perform services; obligation may be compromised with consent of all partners. Creditor may enforce obligation, when.

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Sec. 34-25a. Liability of partner upon return of any part of his contribution.

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Sec. 34-26. Nature of partnership interest.

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Sec. 34-27. Assignment of partnership interest. Nature of assignee's interest. Evidence of partner's interest.

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Sec. 34-27a. Right of assignee to become limited partner; liability for obligations of assignor. Continuing liability of assignor.

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Sec. 34-27b. Withdrawal of general partner; damages.

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Sec. 34-27c. Withdrawal of limited partner; notice.

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Sec. 34-27d. Distribution to partner upon withdrawal; payment of partner's fair value of his interest in limited partnership.

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Sec. 34-28. Person ceases to be general partner, when.

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Sec. 34-28a. Nonjudicial dissolution of limited partnership.

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Sec. 34-28b. Judicial dissolution of limited partnerships.

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Sec. 34-28c. Winding up of limited partnership.

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Sec. 34-29. Powers of legal representative or successor of deceased, incompetent, dissolved or terminated partner.

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Sec. 34-30. Rights of judgment creditor to charge partnership interest of partner.

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Sec. 34-31. Order of distribution of assets upon winding up of limited partnership.

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Sec. 34-32. Amendment of certificate.

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Sec. 34-32a. Cancellation of certificate.

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Sec. 34-32b. Cancellation by forfeiture for failure to maintain statutory agent for service.

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Sec. 34-32c. Reinstatement after cancellation.

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Sec. 34-33. Amendment or cancellation of certificate by court order.

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Sec. 34-33a. Merger of limited partnerships.

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Sec. 34-33b. Consolidation of limited partnerships.

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Sec. 34-33c. Approval of plan of merger or consolidation by general and limited partners.

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Sec. 34-33d. Certificate of merger or consolidation.

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Sec. 34-33e. Effective date of merger or consolidation. Abandonment.

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Sec. 34-33f. Effect of merger or consolidation.

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Sec. 34-34. Contributor as party to proceedings affecting partnership.

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Sec. 34-34a. Derivative actions, right of action by limited partner.

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Sec. 34-34b. Derivative actions, proper plaintiff.

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Sec. 34-34c. Derivative actions, pleading.

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Sec. 34-34d. Derivative actions, expenses.

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Sec. 34-35. Citation of chapter.

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Sec. 34-36. Construction of chapter.

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Sec. 34-37. Applicability of the rules of law and equity.

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Sec. 34-38. Partnerships formed prior to October 1, 1979.

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Sec. 34-38a. Validation of certain certificates, amendments and cancellations thereof filed prior to October 1, 1979.

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Sec. 34-38b. Partnerships existing on October 1, 1986.

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Secs. 34-38c to 34-38e.

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Sec. 34-38f. Foreign limited partnerships, governing law.

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Sec. 34-38g. Foreign limited partnerships, registration with Secretary of the State.

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Sec. 34-38h. Foreign limited partnerships, issuance of registration by Secretary of the State.

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Sec. 34-38i. Foreign limited partnerships, name under which registered.

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Sec. 34-38j. Foreign limited partnerships, changes and amendments to registration.

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Sec. 34-38k. Foreign limited partnerships, cancellation of registration.

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Sec. 34-38l. Foreign limited partnerships, transaction of business without registration.

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Sec. 34-38m. Foreign limited partnerships, Attorney General authorized to bring action to restrain transaction of business.

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Sec. 34-38n. Fees payable to the Secretary of the State for limited partnership documents.

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Sec. 34-38o. Foreign limited partnerships. Activities not constituting transacting business in this state.

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Sec. 34-38p. Foreign limited partnerships. Appointment of agent for service of process.

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Sec. 34-38q. Foreign limited partnerships, service of process upon statutory agent.

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Sec. 34-38r. Limited amnesty for foreign limited partnerships transacting business without registration.

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Sec. 34-38s. Foreign limited partnerships. Annual report.

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Sec. 34-38t. Foreign limited partnerships. Failure to file report. Incorrect report.

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Sec. 34-38u. Foreign limited partnerships. Revocation of certificate of registration.

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CHAPTER 611 UNIFORM PARTNERSHIP ACT

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Secs. 34-39 to 34-81. Uniform Partnership Act.

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Sec. 34-81a.

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Secs. 34-81b to 34-81f.

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Secs. 34-81g to 34-81i.

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Secs. 34-81j to 34-81o.

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Secs. 34-81p to 34-81r.

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Secs. 34-81s to 34-81z.

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CHAPTER 612 PROFESSIONAL ASSOCIATIONS

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Sec. 34-82. Association to practice profession. Conversion to corporation.

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Secs. 34-83 to 34-99.

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CHAPTER 613 LIMITED LIABILITY COMPANIES

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PART I GENERAL PROVISIONS

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Sec. 34-100. Short title: Connecticut Limited Liability Company Act.

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Sec. 34-101. Definitions.

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Sec. 34-102. Name.

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Sec. 34-103. Reservation of name.

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Sec. 34-104. Statutory agent for service.

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Sec. 34-105. Service of process on statutory agent, member or manager.

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Sec. 34-106. Annual report. Interim notice of change of manager or member.

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Sec. 34-107. Failure to file report. Incorrect report.

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Sec. 34-108. Interrogatories by Secretary of the State.

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Sec. 34-109. Execution of documents.

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Sec. 34-110. Filing of documents.

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Sec. 34-111. Forms for documents to be filed. Mailings.

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Sec. 34-112. Fees payable to Secretary of the State. Sales tax not imposed.

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Sec. 34-113. Taxation.

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Secs. 34-114 to 34-118.

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PART II FORMATION AND POWERS

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Sec. 34-119. Restrictions on purposes and powers of limited liability companies.

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Sec. 34-120. Formation.

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Sec. 34-121. Articles of organization.

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Sec. 34-122. Amendment and restatement of articles of organization.

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Sec. 34-123. Effect of delivery of articles of organization for filing and endorsement.

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Sec. 34-124. Powers of limited liability company.

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Secs. 34-125 to 34-129.

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PART III RELATIONS OF MEMBERS AND MANAGERS

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Sec. 34-130. Agency power of members and managers.

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Sec. 34-131. Admissions and representations by members and managers.

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Sec. 34-132. Limited liability company charged with notice to or knowledge of any member or manager.

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Sec. 34-133. Liability of members and managers to third parties.

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Sec. 34-134. Members and managers as parties to actions.

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Secs. 34-135 to 34-139.

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PART IV RIGHTS AND DUTIES OF MEMBERS AND MANAGERS

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Sec. 34-140. Management.

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Sec. 34-141. Discharge of duties by members and managers.

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Sec. 34-142. Voting.

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Sec. 34-143. Liability and indemnification of members and managers.

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Sec. 34-144. Records and information.

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Secs. 34-145 to 34-149.

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PART V FINANCE

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Sec. 34-150. Contributions to capital.

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Sec. 34-151. Liability for contribution.

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Sec. 34-152. Sharing of profits and losses.

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Secs. 34-153 to 34-157.

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PART VI DISTRIBUTIONS

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Sec. 34-158. Sharing of interim distributions.

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Sec. 34-159. Distributions upon an event of dissociation.

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Sec. 34-160. Distribution in kind.

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Sec. 34-161. Right to distribution.

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Secs. 34-162 to 34-166.

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PART VII OWNERSHIP AND TRANSFER OF PROPERTY

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Sec. 34-167. Ownership of limited liability company property.

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Sec. 34-168. Transfer of property.

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Sec. 34-169. Nature of membership interest.

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Sec. 34-170. Assignment of membership interest.

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Sec. 34-171. Rights of judgment creditor.

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Sec. 34-172. Right of assignee to become a member.

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Sec. 34-173. Powers of legal representative or successor of deceased, incompetent, dissolved or terminated member. Right of legal representative or successor to become member.

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Secs. 34-174 to 34-178.

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PART VIII ADMISSION AND WITHDRAWAL OF MEMBERS

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Sec. 34-179. Admission of members.

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Sec. 34-180. Events of dissociation.

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Secs. 34-181 to 34-185.

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PART IX SUITS BY AND AGAINST COMPANY

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Sec. 34-186. Suits by and against limited liability company.

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Sec. 34-187. Authority to sue on behalf of limited liability company.

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Secs. 34-188 to 34-192.

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PART X MERGER, CONSOLIDATION AND CONVERSION

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Sec. 34-193. Merger or consolidation.

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Sec. 34-194. Approval of merger or consolidation.

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Sec. 34-195. Plan of merger or consolidation.

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Sec. 34-196. Articles of merger or consolidation.

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Sec. 34-197. Effect of merger or consolidation.

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Sec. 34-198. Survivor to be governed by laws of jurisdiction other than this state.

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Sec. 34-199. Conversion of domestic general or limited partnership to limited liability company.

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Sec. 34-200. Effect of conversion.

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Secs. 34-201 to 34-205.

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PART XI DISSOLUTION

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Sec. 34-206. Dissolution.

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Sec. 34-207. Judicial dissolution.

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Sec. 34-208. Winding up.

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Sec. 34-209. Agency powers of managers or members after dissolution.

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Sec. 34-210. Distribution of assets.

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Sec. 34-211. Articles of dissolution.

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Sec. 34-212. Known claims against dissolved limited liability company.

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Sec. 34-213. Unknown claims against dissolved limited liability company.

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Sec. 34-214. Recovery for claims not barred.

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Sec. 34-215. Dissolution by forfeiture.

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Sec. 34-216. Reinstatement after dissolution.

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Secs. 34-217 to 34-221.

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PART XII FOREIGN LIMITED LIABILITY COMPANIES

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Sec. 34-222. Governing law.

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Sec. 34-223. Registration with Secretary of the State.

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Sec. 34-224. Appointment of agent for service of process.

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Sec. 34-225. Service of process on statutory agent.

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Sec. 34-226. Issuance of registration.

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Sec. 34-227. Name.

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Sec. 34-228. Amendment of application for registration.

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Sec. 34-229. Annual report. Interim notice of change of manager or member.

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Sec. 34-230. Failure to file report. Incorrect report.

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Sec. 34-231. Cancellation of registration.

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Sec. 34-232. Revocation of certificate of registration.

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Sec. 34-233. Transaction of business without registration.

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Sec. 34-234. Limited amnesty for foreign limited liability companies transacting business without registration.

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Sec. 34-235. Activities not constituting transacting business in this state.

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Sec. 34-236. Action by Attorney General.

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Secs. 34-237 to 34-240.

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PART XIII MISCELLANEOUS PROVISIONS

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Sec. 34-241. Knowledge and notice.

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Sec. 34-242. Rules of construction.

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Secs. 34-243 to 34-299.

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CHAPTER 614* UNIFORM PARTNERSHIP ACT. LIMITED LIABILITY PARTNERSHIPS

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PART I UNIFORM PARTNERSHIP ACT. GENERAL PROVISIONS

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Sec. 34-300. Short title: Uniform Partnership Act.

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Sec. 34-301. Definitions.

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Sec. 34-302. Knowledge and notice.

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Sec. 34-303. Effect of partnership agreement. Nonwaivable provisions.

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Sec. 34-304. Supplemental principles of law.

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Sec. 34-305. Execution, filing and recording of statements.

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Sec. 34-306. Law governing internal relations.

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Sec. 34-307. Partnership subject to statutory amendment or repeal.

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Secs. 34-308 to 34-312.

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PART II NATURE OF PARTNERSHIP

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Sec. 34-313. Partnership as entity.

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Sec. 34-314. Formation of partnership.

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Sec. 34-315. Partnership property.

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Sec. 34-316. When property is partnership property.

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Secs. 34-317 to 34-321.

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PART III RELATIONS OF PARTNERS

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Sec. 34-322. Partner as agent of partnership.

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Sec. 34-323. Transfer of partnership property.

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Sec. 34-324. Statement of partnership authority.

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Sec. 34-325. Statement of denial.

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Sec. 34-326. Partnership liable for partner's actionable conduct.

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Sec. 34-327. Liability of partner. Insurance.

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Sec. 34-328. Actions by and against partnership and partners.

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Sec. 34-329. Liability of purported partner.

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Secs. 34-330 to 34-334.

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PART IV RELATIONS OF PARTNERS TO EACH OTHER

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Sec. 34-335. Rights and duties of a partner.

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Sec. 34-336. Distributions in kind.

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Sec. 34-337. Rights and duties of a partner with respect to information.

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Sec. 34-338. General standards of conduct of a partner.

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Sec. 34-339. Actions by partnership and partners.

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Sec. 34-340. Continuation of partnership beyond definite term or particular undertaking.

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Secs. 34-341 to 34-345.

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PART V TRANSFEREES AND CREDITORS OF PARTNER

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Sec. 34-346. Partner not co-owner of partnership property.

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Sec. 34-347. Partner's transferable interest in partnership.

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Sec. 34-348. Transfer of partner's transferable interest.

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Sec. 34-349. Partner's transferable interest subject to charging order.

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Secs. 34-350 to 34-354.

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PART VI PARTNER'S DISSOCIATION

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Sec. 34-355. Events causing partner's dissociation.

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Sec. 34-356. Partner's power to dissociate. Wrongful dissociation.

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Sec. 34-357. Effect of partner's dissociation.

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Secs. 34-358 to 34-361.

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PART VII PARTNER'S DISSOCIATION

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Sec. 34-362. Purchase of dissociated partner's interest.

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Sec. 34-363. Dissociated partner's power to bind and liability to partnership.

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Sec. 34-364. Dissociated partner's liability to other persons.

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Sec. 34-365. Statement of dissociation.

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Sec. 34-366. Continued use of partnership name.

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Secs. 34-367 to 34-371.

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PART VIII WINDING UP OF PARTNERSHIP BUSINESS

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Sec. 34-372. Events causing dissolution and winding up of partnership business.

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Sec. 34-373. Partnership continues after dissolution.

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Sec. 34-374. Right to wind up partnership business.

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Sec. 34-375. Partner's power to bind partnership after dissolution.

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Sec. 34-376. Statement of dissolution.

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Sec. 34-377. Partner's liability to other partners after dissolution.

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Sec. 34-378. Settlement of accounts and contributions among partners.

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Secs. 34-379 to 34-383.

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PART IX CONVERSIONS AND MERGERS

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Sec. 34-384. Definitions.

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Sec. 34-385. Conversion of partnership to limited partnership.

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Sec. 34-386. Conversion of limited partnership to partnership.

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Sec. 34-387. Effect of conversion.

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Sec. 34-388. Merger of partnerships.

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Sec. 34-389. Effect of merger.

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Sec. 34-390. Statement of merger.

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Sec. 34-391. Nonexclusive.

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Secs. 34-392 to 34-396.

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PART X MISCELLANEOUS PROVISIONS

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Sec. 34-397. Uniformity of application and construction.

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Sec. 34-398. Applicability.

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Sec. 34-399. Savings clause.

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Sec. 34-400. (Formerly Sec. 34-81a). Recognition and regulation of partnerships.

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Secs. 34-401 to 34-405.

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PART XI LIMITED LIABILITY PARTNERSHIPS

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Sec. 34-406. (Formerly Sec. 34-81s). Domestic and foreign limited liability partnerships: Name.

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Sec. 34-407. (Formerly Sec. 34-81t). Domestic and foreign limited liability partnerships: Reservation of name.

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Sec. 34-408. (Formerly Sec. 34-81u). Domestic and foreign limited liability partnerships: Statutory agent for service.

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Sec. 34-409. (Formerly Sec. 34-81v). Domestic and foreign limited liability partnerships: Amendment of certificate.

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Sec. 34-410. (Formerly Sec. 34-81w). Domestic and foreign limited liability partnerships: Execution of documents.

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Sec. 34-411. (Formerly Sec. 34-81x). Domestic and foreign limited liability partnerships: Filing of documents.

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Sec. 34-412. (Formerly Sec. 34-81y). Domestic and foreign limited liability partnerships: Interrogatories by Secretary of the State.

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Sec. 34-413. (Formerly Sec. 34-81z). Domestic and foreign limited liability partnerships: Fees payable to Secretary of the State.

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Secs. 34-414 to 34-418.

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Sec. 34-419. (Formerly Sec. 34-81b). Domestic limited liability partnership: Filing of certificate.

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Sec. 34-420. (Formerly Sec. 34-81c). Domestic limited liability partnership: Annual report.

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Sec. 34-421. (Formerly Sec. 34-81d). Domestic limited liability partnership: Failure to file report. Incorrect report.

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Sec. 34-422. (Formerly Sec. 34-81e). Domestic limited liability partnership: Revocation of certificate.

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Sec. 34-423. (Formerly Sec. 34-81f). Domestic limited liability partnership: Renunciation of status.

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Secs. 34-424 to 34-428.

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Sec. 34-429. (Formerly Sec. 34-81j). Foreign limited liability partnership: Filing certificate of authority to transact business.

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Sec. 34-430. (Formerly Sec. 34-81k). Foreign limited liability partnership: Transacting business without filing certificate of authority.

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Sec. 34-431. (Formerly Sec. 34-81l). Foreign limited liability partnership: Annual report.

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Sec. 34-432. (Formerly Sec. 34-81m). Foreign limited liability partnership: Failure to file report. Incorrect report.

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Sec. 34-433. (Formerly Sec. 34-81n). Foreign limited liability partnership: Revocation of certificate of authority.

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Sec. 34-434. (Formerly Sec. 34-81o). Foreign limited liability partnership: Withdrawal of certificate of authority.

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Secs. 34-435 to 34-499.

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CHAPTER 615 STATUTORY TRUSTS

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Sec. 34-500. Short title: Connecticut Statutory Trust Act.

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Sec. 34-501. Definitions.

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Sec. 34-502. Authorization of statutory trust. Applicability to common law business trusts. Governing law.

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Sec. 34-502a. Purposes of statutory trust.

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Sec. 34-502b. Powers and liabilities of statutory trust.

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Sec. 34-503. Certificate of trust.

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Sec. 34-504. Execution of certificates.

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Sec. 34-505. Effective time and date of certificate.

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Sec. 34-506. Name of statutory trust. Reservation of name.

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Sec. 34-507. Appointment of statutory agent for service of process.

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Sec. 34-508. Service of process.

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Sec. 34-509. Fees payable to the Secretary of the State.

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Secs. 34-510 to 34-514.

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Sec. 34-515. Contributions by beneficial owners.

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Sec. 34-516. Rights of beneficial owners in property of statutory trust.

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Sec. 34-517. Management of statutory trust.

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Sec. 34-518. Existence of statutory trust.

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Sec. 34-519. Applicability of laws pertaining to trusts. Classification for taxation purposes.

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Sec. 34-520. Applicability of law re foreign corporation acting as trustee.

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Sec. 34-521. Merger or consolidation.

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Sec. 34-522. Derivative actions.

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Sec. 34-523. Liability of beneficial owners, trustees, officers, employees and managers.

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Sec. 34-524. Indemnification.

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Secs. 34-525 to 34-529.

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Sec. 34-530. Governing law.

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Sec. 34-531. Registration with Secretary of the State.

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Sec. 34-532. Appointment of agent for service of process.

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Sec. 34-533. Service of process on statutory agent.

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Sec. 34-534. Issuance of registration.

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Sec. 34-535. Name.

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Sec. 34-536. Amendment of application for registration.

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Sec. 34-537. Cancellation of registration.

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Sec. 34-538. Revocation of certificate of registration.

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Sec. 34-539. Transaction of business without registration.

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Sec. 34-540. Activities not constituting transacting business in this state.

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Sec. 34-541. Action by Attorney General.

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Secs. 34-542 to 34-544.

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Sec. 34-545. Reservation of power to amend or repeal.

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Sec. 34-546. Rules of construction.

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Sec. 34-547. Severability.

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