Michigan Compiled Laws § 450.1494 Stay Of Derivative Proceeding; Condition.

450.1494 Stay of derivative proceeding; condition.

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

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Last modified: October 10, 2016