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Tex. Business Organizations Code § 153.409

ALLEGATIONS AFTER DEMAND REJECTED

Texas · Texas Business Organizations Code · Status: effective

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Tex. Business Organizations Code § 153.409, ALLEGATIONS AFTER DEMAND REJECTED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/584169
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If a derivative proceeding is instituted after a demand is rejected, the petition must allege with particularity facts that establish that the rejection was not made in accordance with the requirements and standards under Sections 153.404 and 153.408.