Stay of derivative proceeding

Colo. Rev. Stat. § 7-80-715, under Corporations and Associations.

Colo. Rev. Stat. § 7-80-715

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.

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