{"data":{"id":"us-ct/conn.-gen.-stat.-33-1175","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 33-1175","heading":"Adoption of plan for distribution of assets.","body":"A plan providing for the distribution of assets, not inconsistent with the provisions of sections 33-1000 to 33-1290, inclusive, shall be adopted by a corporation for the purpose of authorizing any transfer or conveyance of assets for which section 33-1176 requires a plan of distribution, in the following manner:\n(1) Where there are members of any class entitled to vote on dissolution, the board of directors shall adopt a resolution recommending a plan of distribution and directing the submission thereof to a vote of each class of such members. Written notice setting forth the proposed plan of distribution or a summary thereof shall be given to each such member in accordance with section 33-1065. Such plan of distribution shall be adopted upon receiving the approval of at least two-thirds of the votes cast by each class of such members voting as a class.\n(2) Where there are no members entitled to vote on dissolution, a plan of distribution shall be adopted by resolution of the board of directors, or, if directors have not yet been appointed, by resolution approved by two-thirds of the incorporators.","path":["TITLE 33. CORPORATIONS","CHAPTER 602. NONSTOCK CORPORATIONS","PART XI. DISSOLUTION"],"source_url":"https://www.cga.ct.gov/current/pub/chap_602.htm#sec_33-1175","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:11Z","sha256":"4a92e02628e1bc4293d5f298223a435c465aaa16a994843febc70f0c6bec0bb6","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-33-1174","next":"us-ct/conn.-gen.-stat.-33-1176"},"notice":"GroundRules: Original legal text. Not legal advice."}