Idaho § 30-29-742 DEMAND

Idaho Statutes

§ 30-29-742 — DEMAND

Idaho·Title 30 CORPORATIONS·Part 7 SHAREHOLDERS·Ch. 29 GENERAL BUSINESS CORPORATIONS

No 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.

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No 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.

Idaho § 30-29-742 (DEMAND) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.