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. (Code 1981, § 14-2-745, enacted by Ga. L. 1988, p. 1070, § 1.)
Discontinuance or settlement
O.C.G.A. § 14-2-745 — under Corporations, Partnerships, and Associations.
O.C.G.A. § 14-2-745