Discontinuance or settlement of derivative proceeding

C.R.S. § 7-80-717
in effect
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7-80-717. Discontinuance or settlement of derivative proceeding. 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-07.docx#7-80-717Fetched: 10/6/2026

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