Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-9A-9.07 - Discontinuance or settlement

Section 10A-9A-9.07 - Discontinuance or settlement.

A derivative action may not be dismissed or compromised without the approval of the court, and notice of the proposed dismissal or compromise shall be given to partners of the limited partnership in such manner as the court directs.

(Act 2016-379, §1.)

Last modified: May 3, 2021