There is a newer version of the North Carolina General Statutes
2010 North Carolina Code
Chapter 55 North Carolina Business Corporation Act.
Article 7 - Shareholders.
55-7-43. Stay of proceedings.
NC Gen Stat § 55-7-43 What's This?
55‑7‑43. Stay of proceedings.
If the corporation commences an inquiry into the allegations set forth in the demand or complaint, the court may stay a derivative proceeding for a period of time the court deems appropriate. (1995, c. 149, s. 1.)
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