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Code · Montana · Title 35 — Corporations, Partnerships, and Associations · Chapter 2 · Part 13

35-2-1305. Discontinuance or settlement -- notice.

56 words·~1 min read·/mt/title-35/chapter-2/part-13/35-2-1305

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35-2-1305 . Discontinuance or settlement -- notice. 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 members or a class of members, the court shall direct that notice be given to the members affected.
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