Utah § 16-16-1301 Derivative action.

Utah Statutes

§ 16-16-1301 — Derivative action.

Utah § 16-16-1301

Title 16Corporations

Ch. 16-16Uniform Limited Cooperative Association Act

Part 16-16-13Action by Member

This text of Utah § 16-16-1301 (Derivative action.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 16-16-1301 (2026).

Text

A member may maintain a derivative action to enforce a right of a limited cooperative association if:

(1)the member demands that the association bring an action to enforce the right; and

(2)any of the following occur:

(2)(a) the association does not, not later than 90 days after the member makes the demand, agree to bring the action;

(2)(b) the association notifies the member that it has rejected the demand;

(2)(c) irreparable harm to the association would result by waiting 90 days after the member makes the demand; or

(2)(d) the association agrees to bring an action demanded and fails to bring the action within a reasonable time.

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A member may maintain a derivative action to enforce a right of a limited cooperative association if:
(1) the member demands that the association bring an action to enforce the right; and
(2) any of the following occur:

(2)(a) the association does not, not later than 90 days after the member makes the demand, agree to bring the action;
(2)(b) the association notifies the member that it has rejected the demand;
(2)(c) irreparable harm to the association would result by waiting 90 days after the member makes the demand; or
(2)(d) the association agrees to bring an action demanded and fails to bring the action within a reasonable time.