Stay of proceedings.

Conn. Gen. Stat. § 33-723 — under Chapter 601: Business Corporations.

Conn. Gen. Stat. § 33-723

Sec. 33-723. Stay of proceedings. If the corporation commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative proceeding for such period as the court deems appropriate.

(P.A. 94-186, S. 78, 215.)

History: P.A. 94-186 effective January 1, 1997.