If any provision of sections 34-500 to 34-547, inclusive, or its application to any person or circumstances, is held invalid the invalidity does not affect other provisions or applications of said sections that can be given effect without the invalid provision or application, and to this end the provisions of said sections are severable.
(P.A. 96-271, S. 251, 254.)
History: P.A. 96-271 effective October 1, 1997.
Structure Connecticut General Statutes
Chapter 615 - Statutory Trusts
Section 34-500. - Short title: Connecticut Statutory Trust Act.
Section 34-501. - Definitions.
Section 34-502a. - Purposes of statutory trust.
Section 34-502b. - Powers and liabilities of statutory trust.
Section 34-503. - Certificate of trust. Filing of documents.
Section 34-504. - Execution of certificates.
Section 34-505. - Effective time and date of certificate.
Section 34-506. - Name of statutory trust. Reservation of name.
Section 34-507. - Appointment of statutory agent for service of process.
Section 34-508. - Service of process.
Section 34-509. - Fees payable to the Secretary of the State.
Section 34-515. - Contributions by beneficial owners.
Section 34-516. - Rights of beneficial owners in property of statutory trust.
Section 34-517. - Management of statutory trust.
Section 34-518. - Existence of statutory trust.
Section 34-519. - Applicability of laws pertaining to trusts. Classification for taxation purposes.
Section 34-520. - Applicability of law re foreign corporation acting as trustee.
Section 34-521. - Merger or consolidation.
Section 34-522. - Derivative actions.
Section 34-523. - Liability of beneficial owners, trustees, officers, employees and managers.
Section 34-524. - Indemnification.
Section 34-530. - Governing law.
Section 34-531. - Registration with Secretary of the State.
Section 34-532. - Appointment of agent for service of process.
Section 34-533. - Service of process on statutory agent.
Section 34-534. - Issuance of registration.
Section 34-536. - Amendment of application for registration.
Section 34-537. - Cancellation of registration.
Section 34-538. - Revocation of certificate of registration.
Section 34-539. - Transaction of business without registration.
Section 34-540. - Activities not constituting transacting business in this state.
Section 34-541. - Action by Attorney General.
Section 34-545. - Reservation of power to amend or repeal.