Connecticut § 33-199 - Powers.
Full text of Connecticut Connecticut General Statutes § 33-199 — Powers., with citation guidance and answers to common questions.
§ 33-199. Powers.
Sec. 33-199. Powers. When its certificate of incorporation has been approved and recorded, the corporation shall have all powers conferred upon corporations by section 33-647 and shall have the same power to mortgage or pledge its real and personal estate and to issue promissory notes or other evidences of indebtedness as have corporations having capital stock. Any such corporation may purchase or otherwise acquire, hold, own, sell, transfer or pledge, or guarantee the payment of dividends or interest on, or the retirement or redemption of, shares of the capital stock or bonds of any association or corporation engaged in the warehousing, handling or marketing of any of the products handled by the corporation; establish reserves and invest the funds thereof in such manner as it deems advisable or as may be provided in the bylaws; and exercise all powers, rights and privileges necessary or incidental to the purposes for which the corporation is formed or to the activities in which it is engaged.
(1949 Rev., S. 5308; P.A. 96-271, S. 168, 254.)
History: P.A. 96-271 replaced reference to Sec. 33-291 with Sec. 33-647, effective January 1, 1997.
Assessment on members for financing surplus milk held within statutory authority of milk producers association. 122 C. 482.
Secs. 33-200 to 33-204. Sections 33-200 to 33-204, inclusive, are repealed, provided the repeal of any of said sections shall not affect any right accrued or established, or any liability or penalty incurred, under the provisions of such section prior to January 1, 1961.
(1949 Rev., S. 5309–5313; 1959, P.A. 617, S. 113.)
Frequently Asked Questions About Connecticut § 33-199
What does Connecticut General Statutes § 33-199 cover?
Section 33-199 ("Powers.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 33-199?
A common citation format is "Connecticut General Statutes § 33-199" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 33-199 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.