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§ 450.4511 — Michigan Law | CourtGPT
  1. Home/
  2. Laws/
  3. Michigan/
  4. Chapter 450 - Corporationsact 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)/
  5. Statute Act 23 of 1993/
  6. Article 5 - (450.4501...450.4515)/
  7. § 450.4511
Michigan Legal Code

§ 450.4511

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450.4511 Investigation of allegations; stay of derivative proceeding. 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