Ala. Code § 10A-2A-7.45

Current through the 2024 Regular Session.
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.

Ala. Code § 10A-2A-7.45 (1975)

Added by Act 2019-94,§ 1, eff. 1/1/2020.