Connecticut SB 461: AN ACT CONCERNING ACCESSIBILITY OF INFORMATION ON PROFESSIONAL BONDSMEN, BAIL ENFORCEMENT AGENTS AND SURETY BAIL BOND AGENTS.

Bill Text

LCO 1 of 11

General Assembly Substitute Bill No. 461
February Session, 2026

AN ACT CONCERNING POLITICAL SPENDING AND STATE-
GRANTED CORPORATE POWERS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. (NEW) (Effective January 1, 2027) (a) Notwithstanding the 1
provisions of any general statute or special act, or any certificate of 2
incorporation filed or bylaw adopted thereunder, no corporation 3
formed in this state, or authorized to transact business or conduct affairs 4
in this state, pursuant to any general statute or special act shall have the 5
power to make any expenditure, as defined in section 9-601b of the 6
general statutes, unless such expenditure is made by a political 7
committee, as defined in section 9-601 of the general statutes, 8
established by such corporation. 9
(b) Any corporation who violates the provisions of subsection (a) of 10
this section shall be subject to, as applicable, dissolution of its corporate 11
form in accordance with the provisions of section 33-890 of the general 12
statutes, as amended by this act, or 33-1181 of the general statutes, as 13
amended by this act, or any similar provision of a special act regarding 14
such dissolution, or revocation of its certificate of authority to transact 15
business or conduct affairs in this state in accordance with the 16
provisions of section 33-936 or 33-1226 of the general statutes. 17
Sec. 2. Section 33-647 of the general statutes is repealed and the 18
following is substituted in lieu thereof (Effective January 1, 2027): 19

Substitute Bill No. 461

LCO 2 of 11

Unless its certificate of incorporation provides otherwise, every 20
corporation has perpetual duration and succession in its corporate name 21
and has the same powers as an individual to do all things necessary or 22
convenient to carry out its business and affairs, including without 23
limitation power: 24
(1) To sue and be sued, complain and defend in its corporate name; 25
(2) To have a corporate seal, which may be altered at will, and to use 26
it, or a facsimile of it, by impressing or affixing it or in any other manner 27
reproducing it; 28
(3) To make and amend bylaws, not inconsistent with its certificate of 29
incorporation or with the laws of this state, for managing the business 30
and regulating the affairs of the corporation; 31
(4) To purchase, receive, lease or otherwise acquire, and own, hold, 32
improve, use and otherwise deal with, real or personal property, or any 33
legal or equitable interest in property, wherever located; 34
(5) To sell, convey, mortgage, pledge, lease, exchange and otherwise 35
dispose of all or any part of its property; 36
(6) To purchase, receive, subscribe for or otherwise acquire, own, 37
hold, vote, use, sell, mortgage, lend, pledge or otherwise dispose of, and 38
deal in and with shares or other interests in, or obligations of, any other 39
entity; 40
(7) To make contracts and guarantees, incur liabilities, borrow 41
money, issue its notes, bonds and other obligations, which may be 42
convertible into or include the option to purchase other securities of the 43
corporation, and secure any of its obligations by mortgage or pledge of 44
any of its property, franchises or income; 45
(8) To lend money, invest and reinvest its funds, and receive and hold 46
real and personal property as security for repayment; 47
(9) To be a promoter, partner, member, associate or manager of any 48

Substitute Bill No. 461

LCO 3 of 11

partnership, joint venture, trust or other entity; 49
(10) To conduct its business, locate offices and exercise the powers 50
granted by sections 33-600 to 33-998, inclusive, within or without this 51
state; 52
(11) To elect directors and appoint officers, employees and agents of 53
the corporation, define their duties, fix their compensation and lend 54
them money and credit; 55
(12) To pay pensions and establish pension plans, pension trusts, 56
profit-sharing plans, share bonus plans, share option plans and benefit 57
or incentive plans for any or all of its current or former directors, 58
officers, employees and agents; 59
(13) To make donations for the public welfare or for charitable, 60
scientific or educational purposes; 61
(14) To transact any lawful business that will aid government policy; 62
and 63
(15) To make payments or donations, or do any other act, not 64
inconsistent with law, that furthers the business and affairs of the 65
corporation, except that such corporation shall not make any 66
expenditure, as defined in section 9-601b, unless such expenditure is 67
made by a political committee, as defined in section 9-601, that has been 68
established by such corporation. 69
Sec. 3. Section 33-890 of the general statutes is repealed and the 70
following is substituted in lieu thereof (Effective January 1, 2027): 71
(a) The Secretary of the State may effect the administrative 72
dissolution of a corporation as provided in this section. 73
(b) When