Wyoming § 17-16-742 Demand

Wyoming Statutes

§ 17-16-742 — Demand

Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 16 WYOMING BUSINESS CORPORATION ACT·Art. 7 SHAREHOLDERS

(a)No shareholder may commence a derivative proceeding until:

(i)A written demand has been made upon the corporation to take suitable action; and

(ii)Ninety (90) 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 ninety (90) day period.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) No shareholder may commence a derivative proceeding
until:
(i) A written demand has been made upon the
corporation to take suitable action; and
(ii) Ninety (90) 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 ninety (90) day period.

Wyoming § 17-16-742 (Demand) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.