Arizona Statutes

§ 10-745 — Discontinuance or settlement

Arizona·Title 10 Arizona Revised Statutes·Ch. 7 SHAREHOLDERS·Art. 4 Derivative Proceedings
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.

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