Ala. Code § 10A-9A-9.07

Current with legislation from 2024 effective through July 1, 2024.
Section 10A-9A-9.07 - Discontinuance or settlement

A derivative action may not be dismissed or compromised without the approval of the court, and notice of the proposed dismissal or compromise shall be given to partners of the limited partnership in such manner as the court directs.

Ala. Code § 10A-9A-9.07 (1975)

Added by Act 2016-379,§ 1, eff. 1/1/2017.