§ 617.0745, Fla. Stat. · Chapter 617. NONPROFIT CORPORATIONS
Discontinuance or settlement; notice.
Text — 2026 Florida Statutes
(1) A derivative action on behalf of a corporation may not be discontinued or settled without the court’s approval.
(2) If the court determines that a proposed discontinuance or settlement will substantially affect the interest of any of the corporation’s members, the court must direct that notice be given to the members affected. The court may determine which party or parties to the derivative action bears the expense of giving the notice.
Notes and commentary — not statutory text
History
s. 38, ch. 2026-168.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0617/0617.html
- Text hash
- sha256 d3e97acc509ec6b1f982f6ea1f12abf1dcec4e4816848c92eb35fbe108513abb
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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Cited by 1 provision
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