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17 chapters · 157 sections in this title.
11C V.S.A. ch. 013, § 1301 Derivative action
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§ 1301. Derivative action A member may maintain a derivative action to enforce a right of a mutual benefit enterprise if: (1) the member demands that the enterprise bring an action to enforce the right; and (2) any of the following occur: (A) the enterprise does not, within 90 da…
11C V.S.A. ch. 013, § 1302 Proper plaintiff
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§ 1302. Proper plaintiff (a) A derivative action to enforce a right of a mutual benefit enterprise may be maintained only by a person that: (1) is a member or a dissociated member at the time the action is commenced and: (A) was a member when the conduct giving rise to the action…
11C V.S.A. ch. 013, § 1303 Pleading
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§ 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 th…
11C V.S.A. ch. 013, § 1304 Approval for discontinuance or settlement
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§ 1304. Approval for discontinuance or settlement A derivative action to enforce a right of a mutual benefit enterprise may not be discontinued or settled without the court’s approval. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)