State Codes and Statutes
Statutes > South-dakota > Title-47 > Chapter-01a > Statute-47-1a-74547-1A-745. 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.
Source: SL 2005, ch 239, § 133.
