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Section 14-2-745 - Discontinuance or settlement — Georgia Law | CourtGPT
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  4. Title 14 - Corporations, Partnerships, and Associations/
  5. Chapter 2 - Business Corporations/
  6. Article 7 - Shareholders/
  7. Part 4 - Derivative Proceedings/
  8. Section 14-2-745 - Discontinuance or settlement
Georgia Legal Code

Section 14-2-745 - Discontinuance or settlement

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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.