Demand

Ala. Code § 10A-2A-7.43 — under Title 10A.

Ala. Code § 10A-2A-7.43

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.

History: (Act 2019-94, §1.)