§ 79-4-7.45. Court approval for settlement or discontinuance

MS Code § 79-4-7.45 (2019) (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 shareholders or a class of shareholders, the court shall direct that notice be given to the shareholders affected.