
General Assembly |
Amendment |
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February Session, 2004 |
LCO No. 3671 | ||||
*HB0562503671HRO* | |||||
Offered by: |
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REP. WINKLER, 41st Dist. REP. MOUKAWSHER, 40th Dist. SEN. COOK, 18th Dist. |
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"AN ACT CONCERNING REGISTERED AGENTS AND ANNUAL REPORTS OF STOCK AND NONSTOCK CORPORATIONS, THE NAMES OF BUSINESS ENTITIES REQUIRED TO FILE WITH THE SECRETARY OF THE STATE, THE FILING OF AIRCRAFT AND VESSEL LIENS, THE FILING OF CERTAIN NOTICES AND REPORTS BY LIMITED LIABILITY COMPANIES AND JURISDICTION OVER FOREIGN VOLUNTARY ASSOCIATIONS. "
After the last section, add the following and renumber sections and internal references accordingly:
"Sec. 501. Section 2 of number 119 of the special acts of 1893 is amended to read as follows (Effective from passage and applicable to the corporation's objects, purposes and activities whether carried on before, on or after the effective date of this section):
[The object for which this corporation is created is to establish and maintain an asylum, infirmary, hospital, and home for the aged, imbecile, crippled, and indigent members of the Independent Order of Odd Fellows holding membership therein, and their wives, widows, and orphan children, and to raise an endowment or fund by contributions, voluntary tax on the members of the order, donations, devises, and bequests, the income, rents, and profits of which shall be applied to the support and maintenance of said home. ] This corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, or any corresponding provision of any internal revenue law, to meet the needs of elderly, disabled and/or infirm persons for housing, health care and financial security and/or to provide day care services to children and/or adults, and in furtherance of the foregoing purposes and subject to the limitations of the Certificate of Incorporation of this corporation, to engage in any lawful act or activity for which corporations may be formed under the Connecticut Revised Nonstock Corporation Act, chapter 602 of the Connecticut General Statutes, as revised or replaced from time to time.
Sec. 502. Section 3 of number 119 of the special acts of 1893, as amended by number 460 of the special acts of 1925, number 452 of the special acts of 1943, number 243 of the special acts of 1953, special act 73-28 and section 1 of special act 82-35, is amended to read as follows (Effective from passage and applicable to the corporation's objects, purposes and activities whether carried on before, on or after the effective date of this section):
The estate, property and fund which may be held by said corporation for the uses and purposes herein before expressed shall, with the rents, income and profits thereof, be exempted from all taxation. [provided the real and personal estate held at any one time by said corporation shall not amount to more than ten million dollars in value. ]"