Iowa Code § 490.745
Current through March 29, 2024
A derivative proceeding shall 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 or series of shareholders, the court shall direct that notice be given to the shareholders affected.
Iowa Code § 490.745
2002 Acts, ch 1154, §28, 125; 2021 Acts, ch 165, § 83, 230
Referred to in §490.747