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Arizona Arizona Revised Statutes

§ 10-745 — Discontinuance or settlement

ARS § 10-745Title 10. Corporations and Associations · Ch. 7. SHAREHOLDERS · Art. 4. Derivative Proceedings

Statute text

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10-745. Discontinuance or 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 of shareholders, the court shall direct that notice be given to the shareholders affected.

Source: Arizona Arizona Revised Statutes § 10-745 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.