35-14-745. Discontinuance -- settlement.
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/mt/title-35/chapter-14/part-7/35-14-745·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-14-745 . Discontinuance -- settlement. A derivative proceeding may not be discontinued or settled without the court's approval. If the court determines that a proposed discontinuance or settlement will substantially affect the interests of the corporation's shareholders or a class or series of shareholders, the court shall direct that notice be given to the shareholders affected.