{"data":{"id":"us-me/13-c-m.r.s.-756","jurisdiction":"us-me","citation":"13-C M.R.S. §756","heading":"Discontinuance or settlement","body":"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 of shareholders, the court shall direct that notice be given to the shareholders affected.","path":["TITLE 13-C: MAINE BUSINESS CORPORATION ACT","CHAPTER 7: SHAREHOLDERS","SUBCHAPTER 4: DERIVATIVE PROCEEDINGS"],"source_url":"https://legislature.maine.gov/statutes/13-C/title13-Csec756.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:27Z","sha256":"cd3b83eea831a7734e6f3889aa13faa9dbffcdc284ec44f38a289c4be3a7fd69","source_id":"us-me","stale":false,"prev":"us-me/13-c-m.r.s.-755","next":"us-me/13-c-m.r.s.-757"},"notice":"GroundRules: Original legal text. Not legal advice."}