Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-2A-7.43 - Demand

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.)

Last modified: May 3, 2021