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Georgia Statutes

§ 14-11-803 — Stay of proceedings

Georgia·Title 14
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.

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Related

Pinnacle Benning, LLC v. Clark Realty Capital, LLC
724 S.E.2d 894 (Court of Appeals of Georgia, 2012)
29 case citations

Nearby Sections

15
§ 14-10-1
Short title
§ 14-10-10
Ownership
§ 14-10-11
Severance of connection with association required upon legal disqualification of member to render professional service; effect of failure to comply
§ 14-10-12
Valuation of membership or shares of deceased, retired, expelled, or disqualified member or shareholder
§ 14-10-14
Limitation on sale or transfer of membership or shares
§ 14-10-15
Distribution of assets following dissolution
§ 14-10-16
Powers generally; assets not liable to attachment for debts of members or shareholders
§ 14-10-17
Actions by or against associations
§ 14-10-18
Applicability of corporation laws; inapplicability of partnership laws
§ 14-10-2
Definitions
§ 14-10-3
Persons entitled to form association; purpose; limitation to one type of professional service
§ 14-10-4
Formation
§ 14-10-5
Business other than rendering professional service prohibited; investments and ownership of property
§ 14-10-6
Professional services to be rendered only by licensed officers, employees, and agents; "employee" defined
§ 14-10-7
Relationship between person rendering and person receiving professional service; liability of members for debts of or claims against association
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