Complaint; demand and excuse.
F.S. 607.0742
in effectA 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.
Source: FL Statutes (Official Site)URL: https://www.flsenate.gov/Laws/Statutes/2025/Chapter607/AllFetched: 7/8/2026