§414-176 - Discontinuance or settlement.
[§414-176] Discontinuance or settlement.
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. [L 2000, c 244, pt of §1]