There is a newer version of the Massachusetts General Laws
2010 Massachusetts Code
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XXII CORPORATIONS
CHAPTER 156D BUSINESS CORPORATIONS
Section 7.45 Discontinuance or settlement
MA Gen L ch 156D § 745 What's This?
Section 7.45. 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 to be given to the shareholders affected.
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