Arizona Revised Statutes § 10-745 Discontinuance Or Settlement

10-745. Discontinuance or 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 of shareholders, the court shall direct that notice be given to the shareholders affected.

Section: Previous  10-731  10-732  10-740  10-741  10-742  10-743  10-744  10-745  10-746  10-747  10-801  10-802  10-803  10-804  10-805  Next

Last modified: October 13, 2016