Sec. 33-725. Discontinuance or settlement.
Sec. 33-725. 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 of shareholders, the court shall direct that notice be given
to the shareholders affected.
(P.A. 94-186, S. 80, 215.)
History: P.A. 94-186 effective January 1, 1997.