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George Jepsen

State Announces New Ownership Organization For Amistad

State Announces New Ownership Organization For Amistad

HARTFORD — A new organization has taken ownership of the schooner Amistad, ending the state receivership that oversaw the historic replica sailing vessel, state officials said Monday.

After various legal maneuvers, a Superior Court judge dissolved Amistad America Inc., a charitable organization, and ended the receivership that had been in place since August 2014.

After learning that the Internal Revenue Service had revoked Amistad America's tax-exempt status after the organization fell deeply into debt, state officials successfully sought the receivership.

The state had invested more than $9 million in the organization and schooner, including $2.5 million for...