10-3632. Demand
No complainant may commence a derivative proceeding until both:
1. A written demand has been made on the corporation to take suitable action.
2. Ninety days have expired from the date the demand was made unless the complainant has earlier been notified that the demand has been rejected by the corporation or unless the statute of limitations will expire within the ninety days or unless irreparable injury to the corporation would result by waiting for the expiration of the ninety day period.
Section: Previous 10-3613 10-3614 10-3620 10-3621 10-3622 10-3630 10-3631 10-3632 10-3633 10-3634 10-3635 10-3636 10-3637 10-3640 10-3701 NextLast modified: October 13, 2016