30-29-742. DEMAND. 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.
History:
[30-29-742, added 2015, ch. 243, sec. 62, p. 925; am. 2019, ch. 90, sec. 67, p. 266.]
Structure Idaho Code
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Section 30-29-701 - ANNUAL MEETING.
Section 30-29-702 - SPECIAL MEETING.
Section 30-29-703 - COURT-ORDERED MEETING.
Section 30-29-704 - ACTION WITHOUT MEETING.
Section 30-29-705 - NOTICE OF MEETING.
Section 30-29-706 - WAIVER OF NOTICE.
Section 30-29-707 - RECORD DATE FOR MEETING.
Section 30-29-708 - CONDUCT OF MEETING.
Section 30-29-709 - REMOTE PARTICIPATION IN SHAREHOLDERS’ MEETINGS.
Section 30-29-720 - SHAREHOLDERS’ LIST FOR MEETING.
Section 30-29-721 - VOTING ENTITLEMENT OF SHARES.
Section 30-29-723 - SHARES HELD BY INTERMEDIARIES AND NOMINEES.
Section 30-29-724 - ACCEPTANCE OF VOTES AND OTHER INSTRUMENTS.
Section 30-29-725 - QUORUM AND VOTING REQUIREMENTS FOR VOTING GROUPS.
Section 30-29-726 - ACTION BY SINGLE AND MULTIPLE VOTING GROUPS.
Section 30-29-727 - MODIFYING QUORUM OR VOTING REQUIREMENTS.
Section 30-29-728 - VOTING FOR DIRECTORS — CUMULATIVE VOTING.
Section 30-29-729 - INSPECTORS OF ELECTION.
Section 30-29-730 - VOTING TRUSTS.
Section 30-29-731 - VOTING AGREEMENTS.
Section 30-29-732 - SHAREHOLDER AGREEMENTS.
Section 30-29-740 - PART DEFINITIONS.
Section 30-29-743 - STAY OF PROCEEDINGS.
Section 30-29-744 - DISMISSAL.
Section 30-29-745 - DISCONTINUANCE OR SETTLEMENT.
Section 30-29-746 - PAYMENT OF EXPENSES.
Section 30-29-747 - APPLICABILITY TO FOREIGN CORPORATIONS.
Section 30-29-748 - SHAREHOLDER ACTION TO APPOINT A CUSTODIAN OR RECEIVER.