If the corporation commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative proceeding for such period as the court deems appropriate.
History. Code 1981, § 14-3-743 , enacted by Ga. L. 1991, p. 465, § 1.
Structure Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 3 - Nonprofit Corporations
Part 4 - Derivative Proceedings
§ 14-3-742. Demand for Suitable Action by Corporation Required
§ 14-3-743. Stay of Proceeding
§ 14-3-744. Dismissal of Proceeding
§ 14-3-745. Discontinuance or Settlement of Proceeding Prohibited Without Court Approval