Public-domain · open source
OpenJurist

Vt. Stat. Ann. tit. 11C, § 1303

Pleading

Known as the Mutual Benefit Enterprise Act

The act spans §§ 11C-1001 to 11C-909 (158 sections).

Added 2011, No. 84 (Adj

In a derivative action to enforce a right of a mutual benefit enterprise, the complaint shall state:

(1) the date and content of the plaintiff’s demand under subdivision 1301(1) of this title and the enterprise’s response;

(2) if 90 days have not expired since the demand, how irreparable harm to the enterprise would result by waiting for the expiration of 90 days; and

(3) if the enterprise agreed to bring an action demanded, that the action has not been brought within a reasonable time.

Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.