| Stay of Derivative Action.

  1. Law
  2. Ohio Revised Code
  3. | Corporations-Partnerships
  4. | Ohio Revised Limited Liability Company Act
  5. | Stay of Derivative Action.

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Effective: April 12, 2021

Latest Legislation: Senate Bill 276 - 133rd General Assembly

For the purpose of allowing the limited liability company or the series thereof time to undertake an inquiry into the allegations made in the demand or complaint commenced pursuant to sections 1706.61 to 1706.617 of the Revised Code, the court may stay any derivative action for the period the court deems appropriate.


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