Stay of Derivative Proceeding; Condition.

Checkout our iOS App for a better way to browser and research.

Sec. 494.

If the corporation commences an investigation of the allegations made in the demand or complaint, the court may stay any derivative proceeding for a period as the court considers appropriate.

History: Add. 1989, Act 121, Eff. Oct. 1, 1989


Download our app to see the most-to-date content.