Sec. 38a-404. Limitations on powers. - Connecticut Statutes

      Sec. 38a-404. Limitations on powers. 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.)