Georgia Statutes
§ 14-2-742 — Demand
Georgia § 14-2-742
JurisdictionGeorgia
Title14
This text of Georgia § 14-2-742 (Demand) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
O.C.G.A. § 14-2-742 (2026).
Text
A shareholder may not commence a derivative proceeding until:
(1)A written demand has been made upon the corporation to take suitable action; and (2) Ninety days have expired from the date 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 90 day period.
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Nearby Sections
15
§ 14-10-1
Short title§ 14-10-10
Ownership§ 14-10-17
Actions by or against associations§ 14-10-2
Definitions§ 14-10-3
Persons entitled to form association; purpose; limitation to one type of professional service§ 14-10-4
FormationCite This Page — Counsel Stack
Bluebook (online)
Georgia § 14-2-742, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/14-2-742.