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§ 450.1494 — Michigan Law | CourtGPT
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  4. Chapter 450 - Corporationsact 327 of 1931 - Michigan General Corporation Statute (450.1 - 450.192)/
  5. Statute Act 284 of 1972/
  6. Division 284 1972 4/
  7. § 450.1494
Michigan Legal Code

§ 450.1494

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450.1494 Stay of derivative proceeding; condition. Sec. 494. 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. History: Add. 1989, Act 121, Eff. Oct. 1, 1989