§ 14-2-745 - Discontinuance or settlement

O.C.G.A. 14-2-745 (2010)
14-2-745. 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.