Florida § 607.0745 - Discontinuance or settlement; notice.
Full text of Florida Florida Statutes § 607.0745 — Discontinuance or settlement; notice., with citation guidance and answers to common questions.
§ 607.0745. Discontinuance or settlement; notice.
(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 the corporation’s shareholders or a class, series, or voting group of shareholders, the court shall direct that notice be given to the shareholders affected. The court may determine which party or parties to the derivative action shall bear the expense of giving the notice.
Frequently Asked Questions About Florida § 607.0745
What does Florida Statutes § 607.0745 cover?
Section 607.0745 ("Discontinuance or settlement; notice.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 607.0745?
A common citation format is "Florida Statutes § 607.0745" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 607.0745 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.