RS 12:1-742.1

146 words·~1 min read·/la/title-12/12-724

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 12:1-742.1

§1-742.1. Petition in derivative proceeding

The petition in a derivative proceeding shall do all of the following:

(1)Allege that the plaintiff meets the standing requirements of R.S. 12:1-741.

(2)Allege either that the plaintiff made demand upon the corporation at least ninety days before the filing of the petition as required by R.S. 12:1-742 or that the plaintiff made the demand and, for reasons alleged in the petition, the filing of the petition before the expiration of the ninety-day period complies with R.S. 12:1-742.

(3)Join as defendants the corporation and the obligor on the obligation sought to be enforced.

(4)Include a prayer for judgment in favor of the corporation and against the obligor on the obligation sought to be enforced.

(5)Be verified by the affidavit of the plaintiff or his counsel.

Acts 2014, No. 328, §1, eff. Jan. 1, 2015.