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PART I. ADMINISTRATION OF THE GOVERNMENT

TITLE XXII. CORPORATIONS

CHAPTER 156D. BUSINESS CORPORATIONS

PART 7

SUBDIVISION D.

DERIVATIVE PROCEEDINGS

Chapter 156D: Section 7.43. Stay of proceedings

Section 7.43. STAY OF PROCEEDINGS

If the corporation commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative proceeding for a period as the court considers appropriate.