What Connecticut Businesses Need to Know About 2025 Legislative Changes
The 2025 legislative session of the Connecticut General Assembly amended certain key Connecticut statutes that corporations and other business organizations should consider as they begin the new year. Attorney Nancy A. D. Hancock, co-chair of Pullman & Comley's Business Organizations and Finance practice, authored an overview of these changes that was featured on LexisNexis Legal Insights.
Most notably, Public Act 25‑85 amended the Connecticut Uniform Securities Act to create a new exemption from broker‑dealer registration for certain merger and acquisition intermediaries handling transactions involving eligible privately held companies. This change aligns Connecticut law with a federal M&A broker exemption and provides clearer pathways for deal professionals working on small and mid-sized private company transactions.
Nancy also highlights Connecticut’s adoption of new Article 12 of the Uniform Commercial Code, which modernizes commercial law to address digital assets such as cryptocurrency and tokenized records. These updates affect how borrowers and lenders perfect security interests, particularly through control-based perfection. Together, these legislative changes underscore the growing importance of securities compliance and digital asset awareness for Connecticut businesses.
To read the full article, visit LexisNexis Legal Insights.