{"data":{"id":"us-fl/fla.-stat.-607.0742","jurisdiction":"us-fl","citation":"Fla. Stat. § 607.0742","heading":"Complaint; demand and excuse.","body":"A complaint in a proceeding brought in the right of a corporation must be verified and allege with particularity:\n(1) The demand, if any, made to obtain the action desired by the shareholder from the board of directors; and\n(2) Either:\n(a) If such a demand was made, that the demand was refused, rejected, or ignored by the board of directors prior to the expiration of 90 days from the date the demand was made;\n(b) If such a demand was made, why irreparable injury to the corporation or misapplication or waste of corporate assets causing material injury to the corporation would result by waiting for the expiration of a 90-day period from the date the demand was made; or\n(c) The reason or reasons the shareholder did not make the effort to obtain the desired action from the board of directors or comparable authority.\nHistory.—s. 74, ch. 2019-90.","path":["CHAPTER 607 FLORIDA BUSINESS CORPORATION ACT"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0607/0607.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:10:21Z","sha256":"fcdd311b1c562f8f0f33c83d1042f4a4ec29e270b120385016147a45014d5cb0","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-607.0741","next":"us-fl/fla.-stat.-607.0743"},"notice":"GroundRules: Original legal text. Not legal advice."}