Section 14-2-745. Discontinuance or settlement

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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.

Code 1981, § 14-2-745, enacted by Ga. L. 1988, p. 1070, § 1.

                    
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