Vermont Statutes Title 11 Sec. 1303
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Terms Used In Vermont Statutes Title 11 Sec. 1303
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Mutual benefit enterprise: means an enterprise organized under this title. See
- Plaintiff: The person who files the complaint in a civil lawsuit.
- State: means a state of the United States, District of Columbia, Puerto Rico, the U. See
§ 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 the demand, how irreparable harm to the enterprise would result by waiting for the expiration of 90 days; and
(3) if the enterprise agreed to bring an action demanded, that the action has not been brought within a reasonable time. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)