---
title: O.C.G.A. § 14-2-745. Discontinuance or settlement.
collection: code
id: 14-2-745
cite_as: O.C.G.A. § 14-2-745 (2025)
canonical_url: https://georgiacommons.org/code/14-2-745
md_url: https://georgiacommons.org/code/14-2-745.md
text_url: https://georgiacommons.org/code/14-2-745/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-2017-pdf.pdf?sfvrsn=507372ea_0#page=213
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/14-2.md
previous: https://georgiacommons.org/code/14-2-744.md
next: https://georgiacommons.org/code/14-2-746.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS / BUSINESS CORPORATIONS / SHAREHOLDERS / DERIVATIVE PROCEEDINGS
---

# O.C.G.A. § 14-2-745. 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.

## History

Code 1981, § 14-2-745, enacted by Ga. L. 1988, p. 1070, § 1.

## Law Reviews

For survey article on business associations, see 60 Mercer L. Rev. 35 (2008). For article, ‘‘2008 Annual Review of Case Law Development,’’ see 14 (No. 6) Ga. St. B.J. 28 (2009).