STAY OF CERTAIN PROCEEDINGS
Applied in 1 court decision — leading case Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Lockey Investment Group, L.L.C. (2006)
Most recently applied in Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Lockey Investment Group, L.L.C. (June 2006)
Added by Acts 1997, 75th Leg., ch. 165, Sec. 5.01, eff
(a) After an initial application is filed, the court may stay:
(1) a proceeding under a later filed application in another court to:
(A) invoke the jurisdiction of that court; or
(B) obtain an order under this chapter; or
(2) a proceeding instituted after the initial application has been filed.
(b) A stay under this section affects only an issue subject to arbitration under an agreement in accordance with the terms of the initial application.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.