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2021 Vermont Statutes
Title 11C - Mutual Benefit Enterprises
Chapter 13 - Action by Member
§ 1303. Pleading
Universal Citation:
11 VT Stats § 1303 (2021)
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§ 1303. Pleading
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. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
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