Alabama Code 10A-9A-9.06. Stay of proceedings
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Terms Used In Alabama Code 10A-9A-9.06
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
For the purpose of allowing the general partners and the limited partnership time to undertake an inquiry into the allegations made in the demand or complaint commenced pursuant to this article, the court may stay any derivative action for the period the court deems appropriate.