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Ohio · Through 2021-04-12 (Senate Bill 276 - 133rd General Assembly)

Ohio Rev. Code § 1706.615: Discontinuance or settlement.

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Where this section sits in the code
  1. Title 17 Corporations-Partnerships
  2. Chapter 1706 Ohio Revised Limited Liability Company Act

A derivative action 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 members of the limited liability company, or the interests of members associated with a series of the limited liability company, the court shall direct that notice be given to the members affected.

Collected 2026-09-14T19:24:29Z. Source file · JSON

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