Connecticut Statutes
§ 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.
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Related
MBIA Inc. v. Federal Insurance
652 F.3d 152 (Second Circuit, 2011)
Frank v. LoVetere
363 F. Supp. 2d 327 (D. Connecticut, 2005)
Beckworth ex rel. Discount Trophy & Co. v. Bizier
138 F. Supp. 3d 144 (D. Connecticut, 2015)
Legislative History
(P.A. 94-186, S. 77, 215; P.A. 11-147, S. 16.) History: P.A. 94-186 effective January 1, 1997; P.A. 11-147 amended Subdiv. (2) to replace “the date the demand was made” with “the date delivery of the demand was made”.
Nearby Sections
15
§ 33-1001
Construction of statutes.§ 33-1002
Definitions.§ 33-1003
Notice.§ 33-1003a
Qualified director.§ 33-1004
Filing requirements.§ 33-1005
Forms. Mailing address.§ 33-1006
Effective time and date of document.§ 33-1007
Correcting filed document.§ 33-1012
Penalty for signing false document.