---
title: O.C.G.A. § 14-2-742. Demand.
collection: code
id: 14-2-742
cite_as: O.C.G.A. § 14-2-742 (2025)
canonical_url: https://georgiacommons.org/code/14-2-742
md_url: https://georgiacommons.org/code/14-2-742.md
text_url: https://georgiacommons.org/code/14-2-742/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-2017-pdf.pdf?sfvrsn=507372ea_0#page=207
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/14-2.md
previous: https://georgiacommons.org/code/14-2-741.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS / BUSINESS CORPORATIONS / SHAREHOLDERS / DERIVATIVE PROCEEDINGS
---

# O.C.G.A. § 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.

## History

Code 1981, § 14-2-742, enacted by Ga. L. 1988, p. 1070, § 1.