Maine Statutes

§ 13-C §754 — Stay of proceedings

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 7 SHAREHOLDERS
If the corporation commences an inquiry into the allegations made in the complaint or demand under section 753, the court may stay any derivative proceeding for such period as the court considers appropriate.

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Legislative History

PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF).

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