§ 7-80-717. Discontinuance or settlement of derivative proceeding

CO Rev Stat § 7-80-717 (2018) (N/A)
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No derivative proceeding commenced pursuant to this part 7 shall be discontinued or settled without the approval of the court. Where the court determines that a proposed discontinuance or settlement will substantially affect the interests of the members of the limited liability company, the court shall direct that notice be given to the members affected.