Grounds for refusal of permit. Appeal, hearing.
Conn. Gen. Stat. § 47-94
in effect47-94. Grounds for refusal of permit. Appeal, hearing.
(a) The commission may refuse, suspend or revoke any permit issued under section 47-92 if it finds that the proposed plan of business of the issuer, the securities proposed to be issued or the method to be used in issuing them will tend to work a fraud upon the purchaser thereof.
(b) Any applicant objecting to the denial of a permit or to any condition therein may, within ten days after receipt of such denial or order, file a written request for a hearing. Said hearing shall be held within the time period and in accordance with the procedures set forth for hearings contained in section 20-321.
(P.A. 73-593, S. 7, 17, 35.)
Source: Connecticut General Assembly (cga.ct.gov)URL: https://www.cga.ct.gov/current/pub/chap_826.htm#sec_47-94Fetched: 10/20/2026