Mont. Code § 35-14-745

Current through the 2023 Regular Session
Section 35-14-745 - Discontinuance - 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.

§ 35-14-745, MCA

Added by Laws 2019, Ch. 271,Sec. 88, eff. 6/1/2020.