Connecticut § 52-572j - Derivative actions by shareholders or members.
Full text of Connecticut Connecticut General Statutes § 52-572j — Derivative actions by shareholders or members., with citation guidance and answers to common questions.
§ 52-572j. Derivative actions by shareholders or members.
Sec. 52-572j. Derivative actions by shareholders or members. (a) Whenever any corporation or any unincorporated association fails to enforce a right which may properly be asserted by it, a derivative action may be brought by one or more shareholders or members to enforce the right, provided the shareholder or member was a shareholder or member at the time of the transaction of which he complained or his membership thereafter devolved on him by operation of law. The action shall be commenced by a complaint returnable to the superior court for the judicial district in which an office of the corporation or association is located. The derivative action may not be maintained if it appears that the plaintiff does not fairly and adequately represent the interests of the shareholders or members similarly situated in enforcing the right of the corporation or association. The action shall not be dismissed or compromised without the approval of the court, and notice of the proposed dismissal or compromise shall be given to shareholders or members in such manner as the court directs.
(b) In any action brought pursuant to this section, process shall be served on the corporation or association as in other civil actions, and notice of the service of process after its having been served shall be given to the board of directors and such other interested persons as the court deems proper. It shall not be necessary to make shareholders or members parties thereto. The costs of the action or part thereof, which shall include but not be limited to witness' fees, court costs and reasonable attorney's fees, may be charged by the court, in its discretion, against the corporation.
(P.A. 77-310; P.A. 82-160, S. 41; 82-472, S. 143, 183.)
History: P.A. 82-160 rephrased the section; P.A. 82-472 deleted obsolete reference to counties.
See Sec. 33-720 et seq. re derivative proceedings.
Cited. 238 C. 183.
Cited. 17 CA 70. Defendant who is no longer shareholder in corporation cannot maintain derivative action on its behalf. 104 CA 810.
Cited. 39 CS 264; 40 CS 327.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 52-572j
What does Connecticut General Statutes § 52-572j cover?
Section 52-572j ("Derivative actions by shareholders or members.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 52-572j?
A common citation format is "Connecticut General Statutes § 52-572j" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 52-572j apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.