504.636 - DISCONTINUANCE OR SETTLEMENT. - Iowa Statutes

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Statutes > Iowa > Title-12 > Subtitle-5 > Chapter-504 > 504-636

504.636 DISCONTINUANCE OR SETTLEMENT. A derivative proceeding shall 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 a corporation's member or class of members or director, the court shall direct that notice be given to the members or director affected.

Section History: Recent Form

2004 Acts, ch 1049, §51, 192 Referred to in § 504.638, 504.810

State Codes and Statutes

Statutes > Iowa > Title-12 > Subtitle-5 > Chapter-504 > 504-636

504.636 DISCONTINUANCE OR SETTLEMENT. A derivative proceeding shall 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 a corporation's member or class of members or director, the court shall direct that notice be given to the members or director affected.

Section History: Recent Form

2004 Acts, ch 1049, §51, 192 Referred to in § 504.638, 504.810

State Codes and Statutes

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State Codes and Statutes

Statutes > Iowa > Title-12 > Subtitle-5 > Chapter-504 > 504-636

504.636 DISCONTINUANCE OR SETTLEMENT. A derivative proceeding shall 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 a corporation's member or class of members or director, the court shall direct that notice be given to the members or director affected.

Section History: Recent Form

2004 Acts, ch 1049, §51, 192 Referred to in § 504.638, 504.810