Iowa Code § 490.743
Stay of proceedings
Redline — January 1, 2022 → current.View current text →
Current — January 1, 2023
As of January 1, 2022
If the corporation commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative proceeding for such period as the court deems appropriate.
If the corporation commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative proceeding for such period as the court deems appropriate.
2021 amendment effective January 1, 2022; 2021 Acts, ch 165, §230
Section stricken and rewritten
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.