Colorado § 7-58-1302 Proper plaintiff

Colorado Statutes

§ 7-58-1302 — Proper plaintiff

Colorado § 7-58-1302

Title 07Corporations

Art.Uniform Limited Cooperative Association Act

This text of Colorado § 7-58-1302 (Proper plaintiff) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-58-1302 (2026).

Text

(1)A derivative action to enforce a right of a limited cooperative association may be maintained only by a person that:

(a)Is a member or a dissociated member at the time the action is commenced and:

(I)Was a member when the conduct giving rise to the action occurred; or

(II)Whose status as a member devolved upon the person by operation of law or the articles or bylaws from a person that was a member at the time of the conduct; and

(b)Adequately represents the interests of the association.

(2)If the sole plaintiff in a derivative action dies while the action is pending, the court may permit another member who meets the requirements of subsection

(1)of this section to be substituted as plaintiff.

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(1) A derivative action to enforce a right of a
limited cooperative association may be maintained only by a person that:

(a) Is a member or a dissociated member at the time the action is
commenced and:

(I) Was a member when the conduct giving rise to the action occurred; or

(II) Whose status as a member devolved upon the person by operation of law
or the articles or bylaws from a person that was a member at the time of the
conduct; and

(b) Adequately represents the interests of the association.

(2) If the sole plaintiff in a derivative action dies while the action is pending,
the court may permit another member who meets the requirements of subsection
(1) of this section to be substituted as plaintiff.