GroundRules
O.C.G.A. § 14-11-804: Discontinuance or settlement.
Where this section sits in the code
- TITLE 14 Corporations, Partnerships, and Associations
- CHAPTER 11 Limited Liability Companies
- Article 8 Derivative Actions
Except as otherwise provided by the articles of organization or written operating agreement, a derivative action 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 limited liability company’s members, the court shall direct that notice be given to the members affected.
Collected 2026-09-17T18:57:12Z. Source file · JSON
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