Colorado § 7-80-715 - Stay of derivative proceeding.
Full text of Colorado Colorado Revised Statutes § 7-80-715 — Stay of derivative proceeding., with citation guidance and answers to common questions.
§ 7-80-715. Stay of derivative proceeding.
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.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-80-715
What does Colorado Revised Statutes § 7-80-715 cover?
Section 7-80-715 ("Stay of derivative proceeding.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 7-80-715?
A common citation format is "Colorado Revised Statutes § 7-80-715" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 7-80-715 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.