Colorado Statutes

§ 7-80-715 — Stay of derivative proceeding

Colorado·Title 07 Corporations·Art. Limited Liability Companies
For the purpose of allowing the limited liability company time to undertake an inquiry into the allegations made in a demand or complaint commenced pursuant to this part 7, the court may stay any derivative proceeding for such period as the court deems appropriate.

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Legislative History

Source: L. 2002: Entire section added, p. 1725, � 160, effective October 1.

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