RULE 23.1
DERIVATIVE ACTIONS BY SHAREHOLDERS
In a derivative action brought by one or more shareholders or members
to enforce a right of a corporation or of an unincorporated association,
the corporation or association having failed to enforce a right which may
properly be asserted by it, the complaint shall be verified and shall
allege (a) that the plaintiff was a shareholder or member at the time of
the transaction of which he complains or that his share or membership
thereafter devolved on him by operation of law, and (b) that the action is
not a collusive one to confer jurisdiction on a court of this state which
it would not otherwise have. The complaint shall also allege with
particularity the efforts, if any, made by the plaintiff to obtain the
action he desires from the directors or comparable authority and, if
necessary, from the shareholders or members, and the reasons for his
failure to obtain the action or for not making the effort. The derivative
action may not be maintained if it appears that the plaintiff does not
fairly and adequately represent the interests of the shareholders or
members similarly situated in enforcing the right of the corporation or
association. The action shall not be dismissed or compromised without the
approval of the court, and notice of the proposed dismissal or compromise
shall be given to shareholders or members in such manner as the court
directs.
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