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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. § 33-725: Discontinuance or settlement.

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Where this section sits in the code
  1. TITLE 33. CORPORATIONS
  2. CHAPTER 601*. BUSINESS CORPORATIONS
  3. 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

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