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 14-2-740 14-2-741 14-2-742 14-2-743 14-2-744 14-2-745 14-2-746 14-2-747 NextLast modified: October 14, 2016