Section 450.4511 Investigation of Allegations; Stay of Derivative Proceeding.

MI Comp L § 450.4511 (2019) (N/A)
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Sec. 511.

If the limited liability company 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.

History: 1993, Act 23, Eff. June 1, 1993