RS 12:1-745
A derivative proceeding cannot be discontinued or settled without court approval unless all shareholders unanimously approve. If the court finds the proposed action would substantially affect shareholders, it must notify the affected shareholders. The plaintiff keeps a dismissal-without-prejudice right if the dismissal
- Jurisdiction
- United States — Louisiana
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
A derivative proceeding cannot be discontinued or settled without court approval unless all shareholders unanimously approve. If the court finds the proposed action would substantially affect shareholders, it must notify the affected shareholders. The plaintiff keeps a dismissal-without-prejudice right if the dismissal request is filed before any defendant appears of record.
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RS 12:1-745
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