Ga. Code § 14-3-745

Current through 2023-2024 Legislative Session Chapter 709
Section 14-3-745 - Discontinuance or settlement of proceeding prohibited without court approval

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.

OCGA § 14-3-745