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.

2021 amendment effective January 1, 2022; 2021 Acts, ch 165, §230 Section stricken and rewritten

2002 Acts, ch 1154, §26, 125; 2021 Acts, ch 165, §81, 230

Referred to in §490.747