Connecticut General Statutes 33-606a – Defective corporate action not void or voidable, when
(a) A defective corporate action shall not be void or voidable if ratified in accordance with § 33-606b or validated in accordance with § 33-606g.
Terms Used In Connecticut General Statutes 33-606a
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
(b) Ratification under § 33-606b or validation under § 33-606g shall not be deemed to be the exclusive means of ratifying or validating any defective corporate action, and the absence or failure of ratification in accordance with sections 33-606 to 33-606g, inclusive, shall not, of itself, affect the validity or effectiveness of any corporate action ratified under common law or otherwise, nor shall it create a presumption that any such corporate action is or was a defective corporate action or void or voidable.
(c) In the case of an overissue, putative shares shall be valid shares effective as of the date originally issued or purportedly issued upon: (1) The effectiveness under sections 33-606 to 33-606g, inclusive, and under sections 33-795 to 33-809, inclusive, of an amendment to the certificate of incorporation authorizing, designating or creating such shares; or (2) the effectiveness of any other corporate action under sections 33-606 to 33-606g, inclusive, ratifying the authorization, designation or creation of such shares.