The corporation shall have perpetual succession. Such succession shall continue until the existence of the corporation is terminated by law, provided no such termination shall affect any outstanding contractual obligation of the corporation and the state shall succeed to the obligations of the corporation under any such contract. Upon termination of the corporation, its rights and properties shall pass to and be vested in the state.
(P.A. 96-212, S. 4, 32.)
History: P.A. 96-212 effective July 1, 1996.
Structure Connecticut General Statutes
Chapter 229a - Connecticut Lottery Corporation
Section 12-800. - Short title: Connecticut Lottery Corporation Act.
Section 12-801. - Definitions.
Section 12-802a. - Employee licenses.
Section 12-803. - Perpetual succession. Termination.
Section 12-804. - Board of directors.
Section 12-805. - Officers of the corporation.
Section 12-806. - Purpose. Powers.
Section 12-806a. - Regulation of activities. Approval of procedures.
Section 12-806d. - Exclusive operation and management of lottery games. Exception.
Section 12-808. - Transfer of lottery.
Section 12-809. - Performance bonds.
Section 12-810. - Compliance with Freedom of Information Act. Exceptions.
Section 12-811. - Conflict of interest.
Section 12-812. - Duties of president.
Section 12-813. - Sale of lottery tickets. Deposit of receipts. Compensation of agents.
Section 12-814. - Lottery advertising and promotions.
Section 12-815. - Purchasing and contracting.
Section 12-816. - Tax exemption.
Section 12-817. - Jurisdiction.
Section 12-818. - Funding for chronic gamblers treatment rehabilitation account.
Section 12-830. - Assignment of lottery prize authorized.
Section 12-831. - Execution and approval of assignment.
Section 12-832. - Confirmation of assignment. Agreement by assignee. Further assignments.
Section 12-833. - Persons prohibited from assigning lottery prize.