Mich. Comp. Laws § 450.2494

Current through Public Act 57 of the 2024 Legislative Session
Section 450.2494 - Derivative proceeding; investigation; issuance of stay

If the corporation commences an investigation of the allegations made in a demand under section 493 or a complaint in a derivative proceeding, the court may stay the derivative proceeding for a period that the court considers appropriate.

MCL 450.2494

Added by 2014, Act 557,s 89, eff. 1/15/2015.