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2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.745 - DISCONTINUANCE OR SETTLEMENT.

        490.745  DISCONTINUANCE OR SETTLEMENT.
         A derivative proceeding shall 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.
         Section History: Recent Form
         2002 Acts, ch 1154, §28, 125
         Referred to in § 490.747

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