MCL - Section 450.2494
Act 162 of 1982
450.2494 Derivative proceeding; investigation; issuance of stay.
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