Georgia Statutes
§ 14-2-745 — Discontinuance or settlement
Georgia § 14-2-745
JurisdictionGeorgia
Title14
This text of Georgia § 14-2-745 (Discontinuance or settlement) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
O.C.G.A. § 14-2-745 (2026).
Text
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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Related
Stephens v. McGarrity
660 S.E.2d 770 (Court of Appeals of Georgia, 2008)
Nearby Sections
15
§ 14-10-1
Short title§ 14-10-10
Ownership§ 14-10-17
Actions by or against associations§ 14-10-2
Definitions§ 14-10-3
Persons entitled to form association; purpose; limitation to one type of professional service§ 14-10-4
FormationCite This Page — Counsel Stack
Bluebook (online)
Georgia § 14-2-745, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/14-2-745.