There is a newer version of the Arizona Revised Statutes
2013 Arizona Revised Statutes
Title 10 - Corporations and Associations
§ 10-745 Discontinuance or settlement
AZ Rev Stat § 10-745 (through 1st Reg Sess 51st Leg. 2013) What's This?
10-745. 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 be given to the shareholders affected.
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