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.(P.A. 94-186, S. 80, 215.)History: P.A. 94-186 effective January 1, 1997.
Connecticut Legal Code
§ 33.725
Connecticut Title 33 — Connecticut law
Source: https://www.cga.ct.gov/current/pub/chap_601.htm#sec_33-725· Version 2026