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.
N.H. Rev. Stat. Ann. § 293-A:7.45
Discontinuance or Settlement
Known as the New Hampshire Business Corporation Act
The act spans §§ 293-A:10.01 to 293-A:9.56 (230 sections).
Source. 2013, 142:1, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.