(1) No member shall commence a derivative proceeding pursuant to this part 7 unless:
A written demand has been made upon the limited liability company to take suitableaction; and
Thirty days have expired from the date the demand was made; except that the thirtyday limitation shall not be required where:
The member has been notified prior to the expiration of the thirty-day period that thedemand has been rejected by the limited liability company; or
Irreparable injury to the limited liability company would result from waiting for theexpiration of the thirty-day period.
Source: L. 2002: Entire section added, p. 1725, § 160, effective October 1.