Vermont § 1303 Pleading

Vermont Statutes

§ 1303 — Pleading

Vermont·Title 11C Title 11C: Mutual Benefit Enterprises·Ch. 13 Article 013: Action by Member

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.)

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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.)

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