2010 Georgia Code 14-2-742 Case Law
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Graham W. Syfert, Esq.

1650 Margaret St, Ste. 302, PMB#264
Jacksonville, FL 32204


Phone: 904-383-7448
E-mail: graham@syfert.com
Fax: 904-638-4726

Enter Code Number:
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One Click Case Law for § 14-2-742
O.C.G.A. § 14-2-741 <-- --> O.C.G.A. §14-2-743



2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 2 - BUSINESS CORPORATIONS
ARTICLE 7 - SHAREHOLDERS
PART 4 - DERIVATIVE PROCEEDINGS
§ 14-2-742 - Demand

O.C.G.A. 14-2-742 (2010)
14-2-742. Demand


A shareholder may not commence a derivative proceeding until:

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

(2) Ninety 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 90 day period.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com