Section 29-305.52 - DemandA shareholder shall 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 delivery of the demand was made unless(A) The shareholder has earlier been notified that the demand has been rejected by the corporation; or(B) Irreparable injury to the corporation would result by waiting for the expiration of the 90-day period.July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(c)(15), 59 DCR 13171.Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.