Sec. 36a-629. Safe and sound business practice required.

      Sec. 36a-629. Safe and sound business practice required. (a) Each licensee shall transact its business in a safe and sound manner and shall maintain itself in a safe and sound condition.

      (b) No licensee or the directors or officers of such licensee, if such licensee is a corporation, shall commit any unsafe or unsound act.

      (P.A. 93-382, S. 60, 69; P.A. 94-122, S. 291, 340.)

      History: P.A. 93-382 effective July 1, 1993; P.A. 94-122 inserted "if such licensee is a corporation" in Subsec. (b), effective January 1, 1995.