§414-176 - Discontinuance or settlement. - Hawaii Statutes

     [§414-176]  Discontinuance or settlement.  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. [L 2000, c 244, pt of §1]