Tex. Bus. Org. Code § 153.409
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
If a derivative proceeding is instituted after a demand is rejected, the petition must allege with particularity facts that establish that the rejection was not made in accordance with the requirements and standards under Sections 153.404 and 153.408.
Tex. Bus. Org. Code § 153.409