Michigan Laws 550.1208 – Action by member; complaint
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(1) An action may be brought in the right of a health care corporation to procure a judgment in its favor, by a member of the corporate body.
(2) In such an action, the complaint shall allege:
Terms Used In Michigan Laws 550.1208
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Plaintiff: The person who files the complaint in a civil lawsuit.
(a) That the plaintiff is a member of the corporate body at the time of bringing the action, and that he or she was a member of the corporate body at the time of the transaction of which he or she complains.
(b) With particularity, the effort of the plaintiff to secure the initiation of the action by the board or the reasons for not making the effort.