Section 38a-404 - Limitations on powers.

CT Gen Stat § 38a-404 (2019) (N/A)
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No person subject to sections 38a-400 to 38a-425, inclusive, shall engage in activities prohibited to corporations under section 38a-45, except that such persons may guarantee the obligations of their agents in the normal course of business by issuing closing protection letters.

(P.A. 90-218, S. 5.)