Montana Statutes
§ 35-14-745 — Discontinuance -- Settlement
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 14 MONTANA BUSINESS CORPORATION ACT·Part 7 Shareholders
35-14-745 . Discontinuance -- settlement. 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 or series of shareholders, the court shall direct that notice be given to the shareholders affected.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 35-14-745 (Discontinuance -- Settlement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 88, Ch. 271, L. 2019.
Nearby Sections
15
§ 35-14-1001
Authority To Amend§ 35-14-1002
Amendment Before Issuance Of Shares§ 35-14-1003
Amendment By Board Of Directors And Shareholders§ 35-14-1004
Voting On Amendments By Voting Groups§ 35-14-1005
Amendment By Board Of Directors§ 35-14-1006
Articles Of Amendment§ 35-14-1007
Restated Articles Of Incorporation§ 35-14-1008
Amendment Pursuant To Reorganization§ 35-14-1009
Effect Of Amendment§ 35-14-101
Short Title§ 35-14-1010
Through 35-14-1019 Reserved§ 35-14-102
Reservation Of Power To Amend Or Repeal§ 35-14-1020
Authority To Amend