Connecticut General Statutes 29-161i – Qualifications of corporate stockholders
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An application for a license of a corporation may be denied by the Commissioner of Emergency Services and Public Protection, or suspended or revoked, if it appears that ten per cent or more of the stock of such corporation is held by a person who cannot meet the character standards required of an applicant.
Terms Used In Connecticut General Statutes 29-161i
- Commissioner: means the Commissioner of Emergency Services and Public Protection. See Connecticut General Statutes 29-152u
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.