Mass. Gen. Laws ch. 156D § 7.45
Current through Chapter 223 of the 2024 Legislative Session
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 to be given to the shareholders affected.
Mass. Gen. Laws ch. 156D, § 7.45