Colo. Rev. Stat. § 7-80-717
Current through Acts effective through 7/1/2024 of the 2024 Legislative Session
No derivative proceeding commenced pursuant to this part 7 shall be discontinued or settled without the approval of the court. Where the court determines that a proposed discontinuance or settlement will substantially affect the interests of the members of the limited liability company, the court shall direct that notice be given to the members affected.
C.R.S. § 7-80-717