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§ 414.176 — Hawaii Law | CourtGPT
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  4. Title 23 - Corporations and Partnerships414. Hawaii Business Corporation Act414-1 Short Title/
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  6. § 414.176
Hawaii Legal Code

§ 414.176

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§414-176 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. [L 2000, c 244, pt of §1]