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Idaho · Through 2026 Legislative Session

Idaho Code § 30-29-745: DISCONTINUANCE OR SETTLEMENT.

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Where this section sits in the code
  1. TITLE 30 CORPORATIONS
  2. CHAPTER 29 GENERAL BUSINESS CORPORATIONS
  3. PART 7 SHAREHOLDERS

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 or series of shareholders, the court shall direct that notice be given to the shareholders affected.

Collected 2026-09-04T11:18:40Z. Source file · JSON

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