If the limited liability company commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative action for such period as the court deems appropriate.
History. Code 1981, § 14-11-803 , enacted by Ga. L. 1993, p. 123, § 1.
Structure Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 11 - Limited Liability Companies
Article 8 - Derivative Actions
§ 14-11-801. Right of Member to Bring Derivative Action
§ 14-11-803. Stay of Proceedings
§ 14-11-804. Discontinuance or Settlement
§ 14-11-807. Applicability to Foreign Limited Liability Companies