GroundRules
← Search the law
Connecticut · Through Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)

Conn. Gen. Stat. § 33-721: Standing.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 33. CORPORATIONS
  2. CHAPTER 601*. BUSINESS CORPORATIONS
  3. PART VII. SHAREHOLDERS

A shareholder may not commence or maintain a derivative proceeding unless the shareholder: (1) Was a shareholder of the corporation at the time of the act or omission complained of or became a shareholder through transfer by operation of law from one who was a shareholder at that time; and (2) fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.

Collected 2026-09-06T19:07:11Z. Source file · JSON

Browse this collection