Connecticut § 32-39c - Limitation on liability of Connecticut Innovations, Incorporated and certain officers with respect to affiliates of the corporation.
Full text of Connecticut Connecticut General Statutes § 32-39c — Limitation on liability of Connecticut Innovations, Incorporated and certain officers with respect to affiliates of the corporation., with citation guidance and answers to common questions.
§ 32-39c. Limitation on liability of Connecticut Innovations, Incorporated and certain officers with respect to affiliates of the corporation.
Sec. 32-39c. Limitation on liability of Connecticut Innovations, Incorporated and certain officers with respect to affiliates of the corporation. (a) With respect to any affiliate created pursuant to section 32-39, liability shall be limited solely to the assets and revenues or other resources of any such affiliate and without recourse liability to Connecticut Innovations, Incorporated, its other funds or any other assets of the corporation, except to the extent of any express written guarantees by the corporation or any investments made or committed to by the corporation.
(b) The provisions of sections 32-47 and 1-125 shall apply to any officer, director, designee or employee serving at the request of the corporation as a member, director or officer or advisor of any such affiliate. Any such person so appointed shall not be personally liable for the debts, obligations or liabilities of any such affiliate as provided in said section 1-125. Any affiliate shall and the corporation may provide the indemnification to protect, save harmless and indemnify such officer, director, designee or employee as provided in said section 1-125.
(P.A. 98-203, S. 5, 13.)
History: P.A. 98-203 effective June 8, 1998.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 32-39c
What does Connecticut General Statutes § 32-39c cover?
Section 32-39c ("Limitation on liability of Connecticut Innovations, Incorporated and certain officers with respect to affiliates of the corporation.") 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 § 32-39c?
A common citation format is "Connecticut General Statutes § 32-39c" (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 § 32-39c 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.