Sec. 101.460. DISCONTINUANCE OR SETTLEMENT. (a) A derivative proceeding may not be discontinued or settled without court approval. (b) The court shall direct that notice be given to the affected members if the court determines that a proposed discontinuance or settlement may substantially affect the interests of other members. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Discontinuance Or Settlement
Tex. Business Organizations Code § 101.460, under Chapter 101.
Tex. Business Organizations Code § 101.460