Montana Statutes
§ 35-2-1305 — Discontinuance Or Settlement -- Notice
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 2 NONPROFIT CORPORATIONS·Part 13 Derivative Actions
35-2-1305 . Discontinuance or settlement -- notice. 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 members or a class of members, the court shall direct that notice be given to the members affected.
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Legislative History
En. Sec. 54, Ch. 411, L. 1991.
Nearby Sections
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§ 35-2-1001
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Repealed§ 35-2-106
Repealed§ 35-2-107
Repealed§ 35-2-108
Repealed§ 35-2-109
Repealed§ 35-2-110
Repealed§ 35-2-1101
Repealed§ 35-2-1102
Repealed