Ohio Statutes
§ 1706.615 — Discontinuance or settlement
Ohio § 1706.615
This text of Ohio § 1706.615 (Discontinuance or settlement) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ohio Rev. Code Ann. § 1706.615 (2026).
Text
A derivative action 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 members of the limited liability company, or the interests of members associated with a series of the limited liability company, the court shall direct that notice be given to the members affected.
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Legislative History
Effective: April 12, 2021 | Latest Legislation: Senate Bill 276 - 133rd General Assembly
Nearby Sections
15
§ 1706.03
Knowledge and notification of facts§ 1706.04
Separate legal entity§ 1706.07
Naming of limited liability company§ 1706.081
Enforcement of operating agreements§ 1706.16
Articles of organization§ 1706.161
Amendments to articles of organizationCite This Page — Counsel Stack
Bluebook (online)
Ohio § 1706.615, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/1706.615.