Section 7.45 - Discontinuance or Settlement

MA Gen L ch 156d § 7.45 (2019) (N/A)
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Section 7.45. 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 to be given to the shareholders affected.