Ind. Code § 28-13-8-3
Complaint requisites; stay pending corporate investigation
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
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- Ind. Code § 28-13-8-3, Complaint requisites; stay pending corporate investigation, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1667043
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Full text
Sec. 3.
(a) A complaint in a proceeding brought in the right of a corporation must be verified and must allege with particularity:
(1) the demand made, if any, to obtain action by the board of directors; and
(2) either that the demand was refused or ignored, or why the shareholder did not make the demand.
(b) Whether or not a demand for action was made, if the corporation commences an investigation of the charges made in the demand or complaint, including an investigation commenced under section 5 of this chapter, the court may stay any proceeding until the investigation is completed.