Connecticut § 33-191 - Issue of certificate of shares.
Full text of Connecticut Connecticut General Statutes § 33-191 — Issue of certificate of shares., with citation guidance and answers to common questions.
§ 33-191. Issue of certificate of shares.
Sec. 33-191. Issue of certificate of shares. No certificate of shares shall be issued to any person until the full amount thereof has been paid in cash, and no shareholder shall receive less than the par value of any share when disposing of the same to the board of directors. No person shall be allowed to become a shareholder in such association except by the consent of the directors.
(1949 Rev., S. 5300; P.A. 19-65, S. 6.)
History: P.A. 19-65 replaced “board of managers” with “board of directors”.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 33-191
What does Connecticut General Statutes § 33-191 cover?
Section 33-191 ("Issue of certificate of shares.") 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 § 33-191?
A common citation format is "Connecticut General Statutes § 33-191" (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 § 33-191 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.