Ohio Rev. Code § 1706.615: Discontinuance or settlement.
Where this section sits in the code
- Title 17 Corporations-Partnerships
- 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