SECTION 607.0742. Complaint; demand and excuse.

Latest version.

1A complaint in a proceeding brought in the right of a corporation must be verified and allege with particularity:
20(1) 21The demand, if any, made to obtain the action desired by the shareholder from the board of directors; and
40(2) 41Either:
42(a) 43If such a demand was made, that the demand was refused, rejected, or ignored by the board of directors prior to the expiration of 90 days from the date the demand was made;
76(b) 77If such a demand was made, why irreparable injury to the corporation or misapplication or waste of corporate assets causing material injury to the corporation would result by waiting for the expiration of a 90-day period from the date the demand was made; or
121(c) 122The reason or reasons the shareholder did not make the effort to obtain the desired action from the board of directors or comparable authority.

History.-s. 74, ch. 2019-90.

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