Colo. Rev. Stat. § 7-80-717
Discontinuance or settlement of derivative proceeding
Colorado · Colorado Revised Statutes Title 7 — Corporations and Associations · Status: effective
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- Citation
- Colo. Rev. Stat. § 7-80-717, Discontinuance or settlement of derivative proceeding, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2285482
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Full text
No derivative proceeding commenced pursuant to this part 7 shall be discontinued or settled without the approval of the court. Where the court determines that a proposed discontinuance or settlement will substantially affect the interests of the members of the limited liability company, the court shall direct that notice be given to the members affected.