Connecticut-2017-SB00232-Introduced


General Assembly		*Proposed Bill No. 232*
*January Session, 2017*		LCO No. 1523
		01523
Referred to Committee on JUDICIARY
Introduced by:
SEN. WITKOS, 8^th Dist. (By Request)

AN ACT CONCERNING CONFLICT OF LAW PROVISIONS THAT ARE APPLICABLE TO COMMERCIAL TRANSACTIONS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to modify the state's conflict of law provisions that are applicable to commercial transactions by shifting from the substantial contacts model to a more permissive model based on New York General Obligations Law Section 5-1401.

Statement of Purpose:

To permit out-of-state corporations to choose Connecticut law to govern their commercial transactions.