N.C. Gen. Stat. § 55-7-43
Stay of proceedings
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
History
(1995, c. 149, s. 1.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.