{"data":{"id":"us-ct/conn.-gen.-stat.-33-721","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 33-721","heading":"Standing.","body":"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.","path":["TITLE 33. CORPORATIONS","CHAPTER 601*. BUSINESS CORPORATIONS","PART VII. SHAREHOLDERS"],"source_url":"https://www.cga.ct.gov/current/pub/chap_601.htm#sec_33-721","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":"0b3b9bc6bac9bd08cb27f99cebf5ba0305996094a9dabddc8189fa23a484528a","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-33-720","next":"us-ct/conn.-gen.-stat.-33-722"},"notice":"GroundRules: Original legal text. Not legal advice."}