Idaho Code § 30-29-745

Current through Chapter 330 of the 2024 Regular Legislative Session

Section 30-29-745 - DISCONTINUANCE OR SETTLEMENT

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 shareholders or a class or series of shareholders, the court shall direct that notice be given to the shareholders affected.

Idaho Code § 30-29-745

[30-29-745, added 2015, ch. 243, sec. 62, p. 926; am. 2019, ch. 90, sec. 69, p. 267.]

Amended by 2019 Session Laws, ch. 90,sec. 69, eff. 7/1/2019.

Added by 2015 Session Laws, ch. 243,sec. 62, eff. 7/1/2015.