ALLEGATIONS AFTER DEMAND REJECTED.

Tex. BUS. ORGS Code § 153.409.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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 . Added by Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603 ), Sec. 30, eff. September 1, 2019.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

Starting a business in Texas? Texas LLC guide: costs and requirements