Mich. Comp. Laws § 450.1494

Current through Public Act 39 of the 2024 Legislative Session
Section 450.1494 - Stay of derivative proceeding; condition

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.

MCL 450.1494

Add. 1989, Act 121, eff. 10/1/1989 .