Ala. Code § 10A-2A-7.46

Current through the 2024 Regular Session.
Section 10A-2A-7.46 - Discontinuance or settlement

A derivative action may not be dismissed or compromised without the approval of the court, and notice of the proposed dismissal or compromise shall be given to stockholders of the corporation in such manner as the court directs.

Ala. Code § 10A-2A-7.46 (1975)

Added by Act 2019-94,§ 1, eff. 1/1/2020.