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2014 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-280 - Discontinuance or settlement.


NE Code § 21-280 (2014) What's This?

21-280. Discontinuance or settlement.

(MBCA 7.45) 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.

Source

    Laws 2014, LB749, ยง 80.
    Operative Date: January 1, 2016


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