Georgia Code
Part 4 - Derivative Proceedings
§ 14-3-745. Discontinuance or Settlement of Proceeding Prohibited Without Court Approval

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.
History. Code 1981, § 14-3-745 , enacted by Ga. L. 1991, p. 465, § 1.

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