If the LLC commences an inquiry into the allegations set forth in the demand or complaint, the court may stay a derivative proceeding.
N.C. Gen. Stat. § 57D-8-02
Stay of proceedings
Applied in 1 court decision — leading case Miller v. Burlington Chem. Co. (2017)
Most recently applied in Miller v. Burlington Chem. Co. (January 2017)
2013-157, s. 2.
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.