GroundRules
O.C.G.A. § 14-2-745: Discontinuance or settlement.
Where this section sits in the code
- TITLE 14 Corporations, Partnerships, and Associations
- CHAPTER 2 Business Corporations
- Article 7 Shareholders
- PART 4 Derivative Proceedings
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.
Collected 2026-09-17T19:34:57Z. Source file · JSON