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2022 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 5A - Alabama Limited Liability Company Law of 2014.
Article 9 - Actions by Members.
Section 10A-5A-9.06 - Stay of Proceedings.
Universal Citation: AL Code § 10A-5A-9.06 (2022)
Section 10A-5A-9.06
Stay of proceedings.
For the purpose of allowing the limited liability company or the series thereof, as the case may be, time to undertake an inquiry into the allegations made in the demand or complaint commenced pursuant to this article, the court may stay any derivative action for the period the court deems appropriate.
(Act 2014-144, p. 265, §1.)
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