35-14-745: Discontinuance -- settlement.
Where this section sits in the code
- TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
- CHAPTER 14. MONTANA BUSINESS CORPORATION ACT
- 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 2026-09-14T04:53:27Z. Source file · JSON