The license of a corporation may be denied by the commissioner, or suspended or revoked, if it shall appear that ten per cent or more of the stock of such corporation is held by a person who cannot meet the character standards required of an applicant.(1969, P.A. 756, S. 3.)
Connecticut Legal Code
§ 29-154b
Connecticut Title 29 — Connecticut law
Source: https://www.cga.ct.gov/current/pub/chap_534.htm#sec_29-154b· Version 2026