The Vermont Statutes Online
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
NOTE: The online version of the Vermont Statutes does NOT yet include the actions of the 2023 legislative session. The 2023 updates should be available by the end of October.
Title 11C : Mututal Benefit Enterprises
Chapter 013 : ACTION BY MEMBER
(Cite as: 11C V.S.A. § 1303)-
§ 1303. 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.)
