Arizona Statutes
§ 10-3635 — Discontinuance or settlement
Arizona·Title 10 Arizona Revised Statutes·Ch. 29 MEMBERS AND MEMBERSHIP-NONPROFIT CORPORATIONS·Art. 4 Derivative Suits
No derivative proceeding may 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 members or a class of members, the court shall direct that notice be given to the affected members.
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Amendment by board of directors