2010 Georgia Code 14-11-804 Case Law
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Graham W. Syfert, Esq.

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One Click Case Law for § 14-11-804
O.C.G.A. § 14-11-803 <-- --> O.C.G.A. §14-11-805



2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 11 - LIMITED LIABILITY COMPANIES
ARTICLE 8 - DERIVATIVE ACTIONS
§ 14-11-804 - Discontinuance or settlement

O.C.G.A. 14-11-804 (2010)
14-11-804. Discontinuance or settlement


Except as otherwise provided by the articles of organization or written operating agreement, 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 the limited liability company's members, the court shall direct that notice be given to the members affected.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com