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§ 293-a-7-45 — New Hampshire Law | CourtGPT
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  4. Title Xxvii - Corporations, Associations, and Proprietors of Common Lands/
  5. Chapter 293-a - New Hampshire Business Corporation Act/
  6. § 293-a-7-45
New Hampshire Legal Code

§ 293-a-7-45

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293-A:7.45 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. 2013, 142:1, eff. Jan. 1, 2014.