CT HB05259

Adopts the Connecticut Uniform Limited Liability Company Act, establishing a comprehensive statutory framework for the formation, operation, and dissolution of limited liability companies (LLCs) in Connecticut.

Replaces existing LLC statutes with a uniform act that provides standardized procedures for LLC governance, management, member rights, and fiduciary duties.

Allows LLCs to be formed by filing articles of organization with the Secretary of the State and specifies requirements for operating agreements and member participation.

Establishes dissolution procedures, including grounds for dissolution, winding up of affairs, and distribution of assets to members.

Applies the uniform act's provisions to all LLCs formed in Connecticut, with transition rules for existing LLCs operating under prior LLC statutes.