Substitute for Raised H.B. No. 5639
Session Year 2016


AN ACT CONCERNING CONNECTICUT'S LEADERSHIP IN CORPORATION AND BUSINESS LAW.

To (1) Adopt the Connecticut Uniform Limited Liability Act; (2) conform the Connecticut Business Corporation Act to the Model Business Corporation Act; (3) clarify the interaction of Article 4A of the Uniform Commercial Code and the federal Electronic Fund Transfer Act with respect to a funds transfer that is also a remittance transfer as defined in said act; (4) establish the Connecticut Center for Commercial Claims for the expeditious resolution of commercial cases; and (5) enact the Connecticut Rapid Arbitration Act to facilitate prompt resolution of certain business-related disputes.