A derivative action to enforce a right of a mutual benefit enterprise may not be discontinued or settled without the court’s approval.
Vt. Stat. Ann. tit. 11C, § 1304
Approval for discontinuance or settlement
Known as the Mutual Benefit Enterprise Act
The act spans §§ 11C-1001 to 11C-909 (158 sections).
Added 2011, No. 84 (Adj
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.