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HB 5431·CT·house

AN ACT CONCERNING COOPERATIVE CORPORATIONS.

Signed into LawFiled Feb 27, 2026
Sponsor: Nick Gauthier
Latest Action

SIGNED BY GOVERNOR

May 26, 2026

Summary

The act revises the state’s cooperative corporation statutes, setting new rules for incorporation, board structure, voting rights, meetings, share issuance, and profit distribution. It applies to any cooperative doing trade, manufacturing, agricultural, or other lawful business in Connecticut. The changes aim to give cooperatives clearer, more flexible governance while protecting member rights.

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