Sec. 45a-205. (Formerly Sec. 45-259). Fiduciary powers re increase in capital stock assets of estate.
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/ct/title-45a/chapter-802-fiduciaries/45a-205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever any fiduciary holds shares of the stock of any corporation as assets of the estate in his charge and there is an increase of the capital stock of any such corporation, such fiduciary may, with the consent of the court of probate having jurisdiction of such estate,
(1)subscribe for and take the shares of the increased capital stock to which such estate may be entitled or
(2)sell and transfer to others the right to subscribe for such shares.