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
Demand
Known as the Connecticut Business Corporation Act
The act spans §§ 33–33 (278 sections).
Applied in 3 court decisions — leading case Boland v. Engle (1997)
Most recently applied in 138 F. Supp. 3d 144 - Beckworth ex rel. Discount Trophy & Co. v. Bizier (September 2015)
(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
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.