Texas Business Organizations Code
Sec. § 101.459
Allegations After Demand Rejected

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 (Determination by Governing or Independent Persons) and 101.458 (Dismissal of Derivative Proceeding).
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 21, eff. September 1, 2019.
Last accessed
Oct. 14, 2020