Arizona Revised Statutes
Ariz. Rev. Stat. § 10-3632 (2026)
Demand
✓ current as of May 2026
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No complainant 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 complainant 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.
Notes of Decisions
Cited in 2
cases (2 in the last 5 years), 2025–2026 · leading case: Iqtunheimr v. Val Vista Lakes (Ariz. Ct. App. 2025).
Iqtunheimr v. Val Vista Lakes (Ariz. Ct. App. 2025). “¶7 To file a derivative lawsuit, Arizona law requires the shareholder have standing under § 10-3631, comply with the demand requirements of § 10-3632 and file a well-pled complaint.”
Iqtunheimr v. Val Vista Lakes (Ariz. Ct. App. 2026). “Homeowner never secured consent from enough homeowners to assert a derivative claim under § 10-3631(A)(1), and did not make a written demand on the Association under § 10-3632. ¶12 Homeowner also argues that “any attempt by the trial court to depict [Homeowner] as suing on…”
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