DISCONTINUANCE OR SETTLEMENT.

Tex. BUS. ORGS Code § 153.410.
in effect
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(a) A derivative proceeding may not be discontinued or settled without court approval. (b) The court shall direct that notice be given to the affected partners if the court determines that a proposed discontinuance or settlement may substantially affect the interests of other partners. Added by Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603 ), Sec. 30, eff. September 1, 2019.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

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