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2020 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A
Article 7 - Stockholders.
Division D - Derivative Proceedings.
Section 10A-2A-7.43 - Demand.
Universal Citation: AL Code § 10A-2A-7.43 (2020)
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.
(Act 2019-94, §1.)
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