Statutes, codes, and regulations
Mississippi Code 1972
Title 79 - CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPSChapter 4 - MISSISSIPPI BUSINESS CORPORATION ACTArticle 7 - SHAREHOLDERS
Subarticle D - DERIVATIVE PROCEDURES
Section 79-4-7.43 - Stay of proceeding when corporation inquires into allegations

Miss. Code § 79-4-7.43

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Current through the 2024 Regular Session
Section 79-4-7.43 - Stay of proceeding when corporation inquires into allegations

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.

Miss. Code § 79-4-7.43

Laws, 1993, ch. 368, § 6, eff. 7/1/1993.