O.C.G.A.
O.C.G.A. § 14-11-803 (2019)
Stay of proceedings
✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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If the limited liability company commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative action for such period as the court deems appropriate.
History
(Code 1981, § 14-11-803, enacted by Ga. L. 1993, p. 123, § 1.)
Annotations
RESEARCH REFERENCES ALR. - Construction and application of limited liability company acts - issues relating to derivative actions and actions
between members of limited liability company, 48 ALR6th 1.
Notes of Decisions
Cited in 1
case, 2012–2012 · leading case: Pinnacle Benning, LLC v. Clark Realty Capital, LLC, 724 S.E.2d 894 (Ga. Ct. App. 2012).
Pinnacle Benning, LLC v. Clark Realty Capital, LLC, 724 S.E.2d 894 (Ga. Ct. App. 2012). “34 See OCGA § 14-11-803 (“If the limited liability company commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative action for such period as the court deems appropriate.”
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