Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-2A-7.45 - Stay of proceedings

Section 10A-2A-7.45 - Stay of proceedings.

For the purpose of allowing the corporation time to undertake an inquiry into the allegations made in the demand or complaint commenced pursuant to this division, the court may stay any derivative action for the period the court deems appropriate.

(Act 2019-94, §1.)

Last modified: May 3, 2021