Conn. Gen. Stat. § 33-722

Current with legislation from the 2024 Regular and Special Sessions.

Section 33-722 - Demand

No shareholder may commence a derivative proceeding until:

(1) A written demand has been made upon the corporation to take suitable action; and

(2) ninety days have expired from the date delivery of the demand was made unless the shareholder has earlier been notified that the demand has been rejected by the corporation or unless irreparable injury to the corporation would result by waiting for the expiration of the ninety-day period.

Conn. Gen. Stat. § 33-722

( P.A. 94-186, S. 77, 215; P.A. 11-147, S. 16.)

Amended by P.A. 11-0147, S. 16 of the the 2011 Regular Session, eff. 10/1/2011.