Colorado Statutes
§ 7-80-717 — Discontinuance or settlement of derivative proceeding
No
derivative proceeding commenced pursuant to this part 7 shall be discontinued or
settled without the approval of the court. Where the court determines that a
proposed discontinuance or settlement will substantially affect the interests of the
members of the limited liability company, the court shall direct that notice be given
to the members affected.
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Legislative History
Source: L. 2002: Entire section added, p. 1726, � 160, effective October 1.
Nearby Sections
15
§ 7-101-101
Short title§ 7-101-102
Reservation of power to amend or repeal§ 7-101-201
Filing requirements§ 7-101-401
General definitions§ 7-101-501
Short title§ 7-101-504
Nonprofit corporations§ 7-101-506
Duties of directors§ 7-101-507
Benefit report - definition§ 7-101-509
No effect on other corporations§ 7-102-101
Incorporators§ 7-102-102
Articles of incorporation§ 7-102-103
Incorporation