§ 14-3-745. Discontinuance or settlement of proceeding prohibited without court approval

GA Code § 14-3-745 (2018) (N/A)
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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.