Alabama Statutes
§ 10A-2A-7.43 — Demand
Alabama § 10A-2A-7.43
JurisdictionAlabama
Title 10AAlabama Business and Nonprofit Entities Code
Ch. 2AAlabama Business Corporation Law
Art. 7Stockholders
Div. DDerivative Proceedings
This text of Alabama § 10A-2A-7.43 (Demand) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 10A-2A-7.43 (2026).
Text
A stockholder may commence a derivative action in the right of the corporation, if:
(a)the stockholder first makes a written demand upon the corporation requesting that it bring an action to enforce the right and the corporation does not bring the action within a reasonable time; or
(b)a demand under subsection (a) would be futile.
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Legislative History
(Act 2019-94, §1.)
Nearby Sections
15
§ 10A-1-1.01
Short Title§ 10A-1-1.02
Applicability of Chapter§ 10A-1-1.03
Definitions§ 10A-1-1.04
Disinterested Person§ 10A-1-1.05
Conspicuous Information§ 10A-1-1.06
Synonymous Terms§ 10A-1-1.07
Signing of Document or Other Writing§ 10A-1-1.08
Short Titles§ 10A-1-1.09
Reference in Law to Statute Revised by Title§ 10A-1-1.10
Reservation of Power§ 10A-1-1.11
Law Governing Filing Entities§ 10A-1-1.12
Entities Not Formed by Filing Instrument§ 10A-1-1.13
Internal Affairs§ 10A-1-2.01
General Scope of Permissible Purposes§ 10A-1-2.02
Prohibited PurposesCite This Page — Counsel Stack
Bluebook (online)
Alabama § 10A-2A-7.43, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/10A-2A-7.43.