Approval for discontinuance or settlement

11C V.S.A. ch. 013, § 1304, under Chapter 013: Article 013: Action by Member.

11C V.S.A. ch. 013, § 1304

§ 1304. Approval for discontinuance or settlement

A derivative action to enforce a right of a mutual benefit enterprise may not be discontinued or settled without the court’s approval. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)