{"data":{"id":"us-tx/tex.-business-organizations-code-101.459","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 101.459","heading":"ALLEGATIONS AFTER DEMAND REJECTED.","body":"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.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 21, eff. September 1, 2019.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 3. LIMITED LIABILITY COMPANIES","CHAPTER 101. LIMITED LIABILITY COMPANIES","SUBCHAPTER J. DERIVATIVE PROCEEDINGS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm#101.459","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"6a14726c045aab58f109102217092fed8325bd5c77fabfbf738bab7b90d6330a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-101.458","next":"us-tx/tex.-business-organizations-code-101.460"},"notice":"GroundRules: Original legal text. Not legal advice."}