§ 14-3-745 - Discontinuance or settlement of proceeding prohibited without court approval
O.C.G.A. 14-3-745 (2010)
14-3-745. Discontinuance or settlement of proceeding prohibited without court approval
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.