GroundRules
Ala. Code § 10A-2A-7.43: Demand.
Where this section sits in the code
- Title 10A Alabama Business and Nonprofit Entities Code.
- Chapter 2A Alabama Business Corporation Law.
- Article 7 Stockholders.
- Division D Derivative Proceedings.
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.
Collected 2026-09-03T14:01:53Z. Source file · JSON