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Montana · Through Montana Code Annotated 2025

35-14-745: Discontinuance -- settlement.

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

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