{"data":{"id":"us-ia/iowa-code-504.636","jurisdiction":"us-ia","citation":"Iowa Code § 504.636","heading":"Discontinuance or settlement.","body":"A derivative proceeding shall 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 a corporation’s member or class of members or director, the court shall direct that notice be given to the members or director affected.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 504 - REVISED IOWA NONPROFIT CORPORATION ACT","Subchapter VI - MEMBERS AND MEMBERSHIPS","Part 4 - DERIVATIVE PROCEEDINGS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/504.636.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"9151b151ba8d68f90c60435971f098333dd409ee6c0998cb9cce4031e21fce18","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-504.635","next":"us-ia/iowa-code-504.637"},"notice":"GroundRules: Original legal text. Not legal advice."}