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2018 Arizona Revised Statutes
Title 10 - Corporations and Associations
§ 10-3635 Discontinuance or settlement
Universal Citation: AZ Rev Stat § 10-3635 (2018)
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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