Sec. 38a-234. (Formerly Sec. 38-405). Incorporation of legal service corporations. - Connecticut Statutes

      Sec. 38a-234. (Formerly Sec. 38-405). Incorporation of legal service corporations. Any nonprofit legal service corporation as defined in section 38a-230 may be incorporated in this state, subject to the following provisions: (1) The certificate of incorporation of each such corporation shall have endorsed thereon, or attached thereto, the consent of the Insurance Commissioner, if he finds the same to be in accordance with sections 38a-230 to 38a-245, inclusive, provided security guaranteeing the performance of the obligations of such corporation shall be furnished in such form and amount as the commissioner determines necessary; (2) the certificate shall include a statement of the territory in which the corporation will operate and the services to be rendered by the corporation; and (3) a majority of the total membership of the board of directors shall consist of persons who are not admitted to practice law in Connecticut and who are not otherwise affiliated with or employed by an attorney, a law firm, a law department of a corporation or a bar association.

      (P.A. 79-234, S. 5; P.A. 90-243, S. 157.)

      History: P.A. 90-243 added a reference to "nonprofit" legal service corporation; Sec. 38-405 transferred to Sec. 38a-234 in 1991.