Alabama Statutes
§ 10A-5A-9.07 — Discontinuance or Settlement
Alabama § 10A-5A-9.07
JurisdictionAlabama
Title 10AAlabama Business and Nonprofit Entities Code
Ch. 5AAlabama Limited Liability Company Law of 2014
Art. 9Actions by Members
This text of Alabama § 10A-5A-9.07 (Discontinuance or Settlement) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 10A-5A-9.07 (2026).
Text
A derivative action may not be dismissed or compromised without the approval of the court, and notice of the proposed dismissal or compromise shall be given to members of the limited liability company or the members associated with the series of the limited liability company, as the case may be, in such manner as the court directs.
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Legislative History
(Act 2014-144, p. 265, §1.)
Nearby Sections
15
§ 10A-1-1.01
Short Title§ 10A-1-1.02
Applicability of Chapter§ 10A-1-1.03
Definitions§ 10A-1-1.04
Disinterested Person§ 10A-1-1.05
Conspicuous Information§ 10A-1-1.06
Synonymous Terms§ 10A-1-1.07
Signing of Document or Other Writing§ 10A-1-1.08
Short Titles§ 10A-1-1.09
Reference in Law to Statute Revised by Title§ 10A-1-1.10
Reservation of Power§ 10A-1-1.11
Law Governing Filing Entities§ 10A-1-1.12
Entities Not Formed by Filing Instrument§ 10A-1-1.13
Internal Affairs§ 10A-1-2.01
General Scope of Permissible Purposes§ 10A-1-2.02
Prohibited PurposesCite This Page — Counsel Stack
Bluebook (online)
Alabama § 10A-5A-9.07, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/10A-5A-9.07.