Discontinuance or settlement of proceeding prohibited without court approval

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 members or a class of members, the court shall direct that notice be given to the members affected. (Code 1981, § 14-3-745, enacted by Ga. L. 1991, p. 465, § 1.) 14-3-746. Payment of expenses of proceeding.