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Terms Used In Alabama Code 10A-5A-9.07

  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:

A derivative action may not be dismissed or compromised without the approval of the court, and notice of the proposed dismissal or compromise shall be given to members of the limited liability company or the members associated with the series of the limited liability company, as the case may be, in such manner as the court directs.