Iowa Code § 504.636

Current through bills signed by governor as of 5/17/2024
Section 504.636 - 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 a corporation's member or class of members or director, the court shall direct that notice be given to the members or director affected.

Iowa Code § 504.636

2004 Acts, ch 1049, §51, 192

Referred to in §504.638, 504.810