Wyoming § 17-16-742 Demand

Wyoming Statutes

§ 17-16-742 — Demand

Wyoming § 17-16-742

Title 17Corporations, Partnerships and Associations

Ch. 16WYOMING BUSINESS CORPORATION ACT

Art. 7SHAREHOLDERS

This text of Wyoming § 17-16-742 (Demand) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-16-742 (2026).

Text

(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.

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(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.