Georgia § 14-2-742 - Demand.
Full text of Georgia Official Code of Georgia Annotated § 14-2-742 — Demand., with citation guidance and answers to common questions.
§ 14-2-742. Demand.
A shareholder may not commence a derivative proceeding until: A written demand has been made upon the corporation to take suitable action; and 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. (Code 1981, § 14-2-742 , enacted by Ga. L. 1988, p. 1070, § 1.)
Frequently Asked Questions About Georgia § 14-2-742
What does Official Code of Georgia Annotated § 14-2-742 cover?
Section 14-2-742 ("Demand.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 14-2-742?
A common citation format is "Official Code of Georgia Annotated § 14-2-742" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 14-2-742 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.