10-742. Demand


No shareholder 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
shareholder 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.