Vt. Stat. Ann. tit. 11C, § 1303
Pleading
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
In a derivative action to enforce a right of a mutual benefit enterprise, the complaint shall state:
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;
(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
(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. Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.
(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.