Michigan § 450.2494 - Derivative proceeding; investigation; issuance of stay.
Full text of Michigan Michigan Compiled Laws § 450.2494 — Derivative proceeding; investigation; issuance of stay., with citation guidance and answers to common questions.
§ 450.2494. Derivative proceeding; investigation; issuance of stay.
If the corporation commences an investigation of the allegations made in a demand under section 493 or a complaint in a derivative proceeding, the court may stay the derivative proceeding for a period that the court considers appropriate.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.2494
What does Michigan Compiled Laws § 450.2494 cover?
Section 450.2494 ("Derivative proceeding; investigation; issuance of stay.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. 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 Michigan § 450.2494?
A common citation format is "Michigan Compiled Laws § 450.2494" (Michigan). 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 Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 450.2494 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan 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 Michigan.