Sec. 21.560. 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 shareholders if the court determines that a proposed discontinuance or settlement may substantially affect the interests of other shareholders. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Discontinuance Or Settlement
Tex. Business Organizations Code § 21.560, under Chapter 21.
Tex. Business Organizations Code § 21.560