Requirements for and duties of board of directors
Known as the Connecticut Business Corporation Act
The act spans §§ 33–33 (278 sections).
Applied in 1 court decision — leading case MBIA Inc. v. Federal Insurance (2011)
Most recently applied in MBIA Inc. v. Federal Insurance (July 2011)
(P.A. 94-186, S. 83, 215; P.A. 96-271, S. 61, 254.) History: P.A. 94-186 effective January 1, 1997; P.A. 96-271 amended Subsec
(a) Except as provided in section 33-717 , each corporation shall have a board of directors.
(b) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed by or under the direction of, its board of directors, subject to any limitation set forth in the certificate of incorporation or in an agreement authorized under section 33-717 .
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.