Florida § 607.0742 - Complaint; demand and excuse.
Full text of Florida Florida Statutes § 607.0742 — Complaint; demand and excuse., with citation guidance and answers to common questions.
§ 607.0742. Complaint; demand and excuse.
A complaint in a proceeding brought in the right of a corporation must be verified and allege with particularity: (1) The demand, if any, made to obtain the action desired by the shareholder from the board of directors; and (2) Either: (a) If such a demand was made, that the demand was refused, rejected, or ignored by the board of directors prior to the expiration of 90 days from the date the demand was made; (b) If such a demand was made, why irreparable injury to the corporation or misapplication or waste of corporate assets causing material injury to the corporation would result by waiting for the expiration of a 90-day period from the date the demand was made; or (c) The reason or reasons the shareholder did not make the effort to obtain the desired action from the board of directors or comparable authority.
Frequently Asked Questions About Florida § 607.0742
What does Florida Statutes § 607.0742 cover?
Section 607.0742 ("Complaint; demand and excuse.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 607.0742?
A common citation format is "Florida Statutes § 607.0742" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 607.0742 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.