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 members or a class of members, the court shall direct that notice be given to the members affected.
Mont. Code Ann. § 35-2-1305
Discontinuance or settlement -- notice
Known as the Montana Nonprofit Corporation Act
The act spans §§ 35–35 (295 sections).
En
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.