Statutes > Idaho Statutes > TITLE 30 CORPORATIONS > CHAPTER 1 GENERAL BUSINESS CORPORATIONS > PART 7. SHAREHOLDERS > 30-1-745 DISCONTINUANCE OR SETTLEMENT.

30-1-745 DISCONTINUANCE OR SETTLEMENT.

TITLE 30

CORPORATIONS

CHAPTER 1

GENERAL BUSINESS CORPORATIONS

PART 7.

SHAREHOLDERS

30-1-745. 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.