Neb. Rev. Stat. §§ 21-280

Current with changes from the 2024 Legislative Session
Section 21-280 - Discontinuance or settlement

(MBCA 7.45) 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 be given to the shareholders affected.

Neb. Rev. Stat. §§ 21-280

Laws 2014, LB 749, § 80.