Conn. Gen. Stat. § 33-725: Discontinuance or settlement.
Where this section sits in the code
- TITLE 33. CORPORATIONS
- CHAPTER 601*. BUSINESS CORPORATIONS
- PART VII. SHAREHOLDERS
A derivative proceeding may not be discontinued or settled without the court's approval. If the court determines that a proposed discontinuance or settlement will substantially affect the interests of the corporation's shareholders or a class of shareholders, the court shall direct that notice be given to the shareholders affected.
Collected 2026-09-06T19:07:11Z. Source file · JSON