Mont. Code § 35-2-1305

Current through the 2023 Regular Session
Section 35-2-1305 - Discontinuance or settlement - notice

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

§ 35-2-1305, MCA

En. Sec. 54, Ch. 411, L. 1991.