There is a newer version of the Arizona Revised Statutes
2011 Arizona Revised Statutes
Title 10 Corporations and Associations
10-3635 Discontinuance or settlement
AZ Rev Stat § 10-3635 (1996 through 1st Reg Sess 50th Legis) What's This?
10-3635. Discontinuance or settlement
No derivative proceeding may 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 members or a class of members, the court shall direct that notice be given to the affected members.
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