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Discontinuance or settlement.

Ohio Rev. Code § 1706.615
in effect
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1706.615. Discontinuance or settlement. A derivative action 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 members of the limited liability company, or the interests of members associated with a series of the limited liability company, the court shall direct that notice be given to the members affected. Effective: April 12, 2021. Latest Legislation: Senate Bill 276 - 133rd General Assembly.
Source: Ohio Legislative Service Commission (codes.ohio.gov)URL: https://codes.ohio.gov/ohio-revised-code/section-1706.615Fetched: 10/21/2026

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