Iowa Code § 490.745

Current through bills signed by governor as of 5/17/2024
Section 490.745 - Discontinuance or settlement

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

Amended by 2021 Iowa, ch 165, s 83, eff. 1/1/2022.
2002 Acts, ch 1154, §28, 125

Referred to in §490.747