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Section 14-11-804 - Discontinuance or settlement — Georgia Law | CourtGPT
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  6. Article 8 - Derivative Actions/
  7. Section 14-11-804 - Discontinuance or settlement
Georgia Legal Code

Section 14-11-804 - Discontinuance or settlement

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Except as otherwise provided by the articles of organization or written operating agreement, a derivative action 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 limited liability company's members, the court shall direct that notice be given to the members affected.