Conn. Gen. Stat. § 33-725
Current with legislation from the 2024 Regular and Special Sessions.
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.
Conn. Gen. Stat. § 33-725
( P.A. 94-186, S. 80, 215.)