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18 GCA § 28725

Discontinuance or Settlement

Guam Code AnnotatedTitle 18 — Business Structure and Function
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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. COL372014 CH. 28 GUAM BUSINESS CORPORATION ACT

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.