One Click Case Law for § 14-3-745
O.C.G.A. § 14-3-744 <-- --> O.C.G.A. §14-3-746

2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 3 - NONPROFIT CORPORATIONS
ARTICLE 7 - MEETINGS
PART 4 - DERIVATIVE PROCEEDINGS
§ 14-3-745 - Discontinuance or settlement of proceeding prohibited without court approval

O.C.G.A. 14-3-745 (2010)
14-3-745. Discontinuance or settlement of proceeding prohibited without court approval


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 members or a class of members, the court shall direct that notice be given to the members affected.