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Discontinuance or settlement

M.G.L. c. 156D, § 7.45
in effect
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c. 156D, § 7.45. Discontinuance or settlement Section 7.45. DISCONTINUANCE OR SETTLEMENT 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 shareholders or a class of shareholders, the court shall direct that notice to be given to the shareholders affected.
Source: Massachusetts General Court (malegislature.gov)URL: https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter156D/Section7.45Fetched: 10/20/2026

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