Pleading In a derivative action to enforce a right of a mutual benefit enterprise, the complaint shall state: (1) the date and content of the plaintiff’s demand under subdivision 1301(1) of this title and the enterprise’s response; (2) if 90 days have not expired since the demand, how irreparable harm to the enterprise would result by waiting for the expiration of 90 days; and (3) if the enterprise agreed to bring an action demanded, that the action has not been brought within a reasonable time. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
Vermont Legal Code