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2019 Michigan Compiled Laws
Chapter 450 - Corporations
Act 23 of 1993 Michigan Limited Liability Company Act (450.4101 - 450.5200)
Article 5 - (450.4501...450.4515)
Section 450.4511 Investigation of Allegations; Stay of Derivative Proceeding.
Universal Citation: MI Comp L § 450.4511 (2019)
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
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