2013 New Jersey Revised Statutes
Title 14A - CORPORATIONS, GENERAL
Section 14A:3-6.6 - Court's approval required.
14A:3-6.6 Court's approval required.
6.A derivative proceeding or a shareholder class action 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.
L.2013, c.42, s.6.
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