Section 14-11-804. Discontinuance or settlement

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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.

Code 1981, § 14-11-804, enacted by Ga. L. 1993, p. 123, § 1.

                    
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