In a derivative action, the complaint must state with particularity:
(a) the date and content of plaintiff's demand and the corporation's response by the corporation to the demand; or
(b) why the demand should be excused as futile.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A - Alabama Business Corporation Law.
Division D - Derivative Proceedings.
Section 10A-2A-7.40 - Division Definitions.
Section 10A-2A-7.41 - Right of Derivative Action.
Section 10A-2A-7.42 - Standing.
Section 10A-2A-7.44 - Pleading.
Section 10A-2A-7.45 - Stay of Proceedings.
Section 10A-2A-7.46 - Discontinuance or Settlement.
Section 10A-2A-7.47 - Proceeds and Expenses.
Section 10A-2A-7.48 - Applicability to Foreign Corporations.