Ala. Code § 10A-2A-7.43

Current through the 2024 Regular Session.

Section 10A-2A-7.43 - Demand

A stockholder may commence a derivative action in the right of the corporation, if:

(a) the stockholder first makes a written demand upon the corporation requesting that it bring an action to enforce the right and the corporation does not bring the action within a reasonable time; or

(b) a demand under subsection (a) would be futile.

Ala. Code § 10A-2A-7.43 (1975)

Added by Act 2019-94,§ 1, eff. 1/1/2020.