Conn. Gen. Stat. § 33-666
Terms of class or series of shares
Connecticut · General Statutes of Connecticut Chapter 601 — Business Corporations · Status: effective
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- Citation
- Conn. Gen. Stat. § 33-666, Terms of class or series of shares, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2199256
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Full text
(a) If the certificate of incorporation so provides, the board of directors is authorized, without shareholder approval, to:
(1) Classify any unissued shares into one or more classes or into one or more series within a class;
(2) reclassify any unissued shares of any class into one or more classes or into one or more series within one or more classes; or (3) reclassify any unissued shares of any series of any class into one or more classes or into one or more series within a class.
(b) If the board of directors acts pursuant to subsection (a) of this section, it must determine the terms, including the preferences, rights and limitations, to the same extent permitted under section 33-665, of:
(1) Any class of shares before the issuance of any shares of such class; or (2) any series within a class before the issuance of any shares of such series.
(c) Before issuing any shares of a class or series created under this section, the corporation must deliver to the Secretary of the State for filing a certificate of amendment setting forth the terms determined under subsection (a) of this section.