GroundRules
Ala. Code § 10A-2A-7.46: Discontinuance or Settlement.
Where this section sits in the code
- Title 10A Alabama Business and Nonprofit Entities Code.
- Chapter 2A Alabama Business Corporation Law.
- Article 7 Stockholders.
- Division D Derivative Proceedings.
A derivative action may not be dismissed or compromised without the approval of the court, and notice of the proposed dismissal or compromise shall be given to stockholders of the corporation in such manner as the court directs.
Collected 2026-09-03T14:01:53Z. Source file · JSON