GroundRules
← Search the law
Idaho · Through 2026 Legislative Session

Idaho Code § 30-29-742: DEMAND.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 30 CORPORATIONS
  2. CHAPTER 29 GENERAL BUSINESS CORPORATIONS
  3. PART 7 SHAREHOLDERS

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.

Collected 2026-09-04T11:18:40Z. Source file · JSON

Browse this collection