State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-2075

21-2075. Derivative proceedings; 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. SourceLaws 1995, LB 109, § 75.