Tex. Bus. Org. Code § 101.459

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 101.459 - Allegations After Demand Rejected

If a derivative proceeding is instituted after a demand is rejected, the petition must allege with particularity facts that establish that the rejection was not made in accordance with the requirements and standards under Sections 101.454 and 101.458.

Tex. Bus. Org. Code § 101.459

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 899,Sec. 21, eff. 9/1/2019.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.