Section 30-29-742 - DEMANDNo shareholder may commence a derivative proceeding until:
(a) A written demand has been made upon the corporation to take suitable action; and(b) Ninety (90) days have expired from the date delivery of the demand was made unless the shareholder has earlier been notified that the demand has been rejected by the corporation or unless irreparable injury to the corporation would result by waiting for the expiration of the ninety (90) day period.[30-29-742, added 2015, ch. 243, sec. 62, p. 925; am. 2019, ch. 90, sec. 67, p. 266.]Amended by 2019 Session Laws, ch. 90,sec. 67, eff. 7/1/2019.Added by 2015 Session Laws, ch. 243,sec. 62, eff. 7/1/2015.