DecisionDepot
California legal research

Arizona Arizona Revised Statutes

§ 10-3635 — Discontinuance or settlement

ARS § 10-3635Title 10. Corporations and Associations · Ch. 29. MEMBERS AND MEMBERSHIP-NONPROFIT CORPORATIONS · Art. 4. Derivative Suits

Statute text

View on source
10-3635. Discontinuance or settlement No derivative proceeding may 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 affected members.

Source: Arizona Arizona Revised Statutes § 10-3635 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.