For the purpose of allowing the limited liability company time to undertake an inquiry into the allegations made in a demand or complaint commenced pursuant to this part 7, the court may stay any derivative proceeding for such period as the court deems appropriate.
C.R.S. § 7-80-715
Stay of derivative proceeding
Known as the Colorado Limited Liability Company Act
The act spans §§ 7-80-101 to 7-80-902 (57 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.