GroundRules
18 GCA § 28725: Discontinuance or Settlement.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 5 - Guam Business Corporation Act
- Chapter 28: Guam Business Corporation Act
- ARTICLE 7: SHAREHOLDERS
- SUBARTICLE A: 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 2026-09-27T03:55:38Z. Source file · JSON