Demand. — Guam Code § 28722
Guam Code § 28722 — Demand.. Reproduced from the official Guam Code Annotated, with a citation summary, verification link, and related provisions.
§ 28722. Demand.
No shareholder may commence a derivative proceeding until:
(a) a written demand has been made upon the corporation to take
suitable action; and
(b) 90 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.
Source: official Guam text · Last verified 2026-08-27
At a glance
- Citation: Guam Code Annotated § 28722
- Jurisdiction: Guam
- Code: Guam Code Annotated
- Subject: Demand.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Guam Code Annotated. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Guam attorney.
Common questions
What is the source of Guam Code Annotated § 28722?
The text above is transcribed from the Guam Code Annotated, the codified statutes of Guam. The official publisher link appears under "Verify the text" on this page.
What subject does Guam Code Annotated § 28722 address?
It addresses "Demand.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Guam Code Annotated § 28722 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Guam source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Guam law to your facts requires a licensed Guam attorney who can review the specifics.