State Codes and Statutes
Statutes > Michigan > Chapter-450 > Act-284-of-1972 > 284-1972-4 > Section-450-1494BUSINESS CORPORATION ACT (EXCERPT)
Act 284 of 1972
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
