Ala. Code § 10A-5A-9.06

Current through the 2024 Regular Session.
Section 10A-5A-9.06 - Stay of proceedings

For the purpose of allowing the limited liability company or the series thereof, as the case may be, time to undertake an inquiry into the allegations made in the demand or complaint commenced pursuant to this article, the court may stay any derivative action for the period the court deems appropriate.

Ala. Code § 10A-5A-9.06 (1975)

Added by Act 2014-144,§ 1, eff. 1/1/2015.