Section 450.2494 Derivative Proceeding; Investigation; Issuance of Stay.

MI Comp L § 450.2494 (2019) (N/A)
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Sec. 494.

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.

History: Add. 2014, Act 557, Imd. Eff. Jan. 15, 2015