Idaho § 30-29-742 DEMAND

Idaho Statutes

§ 30-29-742 — DEMAND

Idaho § 30-29-742

Title 30CORPORATIONS

Part 7SHAREHOLDERS

Ch. 29GENERAL BUSINESS CORPORATIONS

This text of Idaho § 30-29-742 (DEMAND) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 30-29-742 (2026).

Text

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.