Connecticut § 33-742 Removal of directors by shareholders.

Connecticut Statutes

§ 33-742 — Removal of directors by shareholders.

Connecticut § 33-742

Title 33Corporations

Ch. 601Business Corporations

This text of Connecticut § 33-742 (Removal of directors by shareholders.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 33-742 (2026).

Text

(a)The shareholders may remove one or more directors with or without cause unless the certificate of incorporation provides that directors may be removed only for cause.

(b)If a director is elected by a voting group of shareholders only the shareholders of that voting group may participate in the vote to remove him.

(c)If cumulative voting is authorized, a director may not be removed if the number of votes sufficient to elect him under cumulative voting is voted against his removal. If cumulative voting is not authorized, a director may be removed only if the number of votes cast to remove him exceeds the number of votes cast not to remove him.

(d)A director may be removed by the shareholders only at a meeting called for the purpose of removing him and the meeting notice must state tha

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The shareholders may remove one or more directors with or without cause unless the certificate of incorporation provides that directors may be removed only for cause. (b) If a director is elected by a voting group of shareholders only the shareholders of that voting group may participate in the vote to remove him. (c) If cumulative voting is authorized, a director may not be removed if the number of votes sufficient to elect him under cumulative voting is voted against his removal. If cumulative voting is not authorized, a director may be removed only if the number of votes cast to remove him exceeds the number of votes cast not to remove him. (d) A director may be removed by the shareholders only at a meeting called for the purpose of removing him and the meeting notice must state that the purpose, or one of the purposes, of the meeting is removal of the director.

Legislative History

(P.A. 94-186, S. 90, 215; P.A. 96-271, S. 66, 254.) History: P.A. 94-186 effective January 1, 1997; P.A. 96-271 amended Subsec. (a) to replace “articles” of incorporation with “certificate” of incorporation, effective January 1, 1997.