{"data":{"id":"us-tx/tex.-business-organizations-code-21.559","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.559","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 21.554 and 21.558.\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. 9, eff. September 1, 2019.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER L. DERIVATIVE PROCEEDINGS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.559","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"a2335899d35e5b16e0c89309a2ef1994ef726845da610040f038d8afb36d6181","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.558","next":"us-tx/tex.-business-organizations-code-21.560"},"notice":"GroundRules: Original legal text. Not legal advice."}