Section 7-58-1303 - Pleading

(1) In a derivative action to enforce a right of a limited cooperative association, the complaint must state: (a) The date and content of the plaintiff's demand under section 7-58-1301 (1)(a) and the association's response;(b) If ninety days have not expired since the demand was received by the association, how irreparable harm to the association would result by waiting for the expiration of ninety days; and(c) If the association agreed to bring an action demanded, that the action has not been brought within a reasonable time.L. 2011: Entire article added, (SB 11 -191), ch. 197, p. 809, § 1, effective 4/2/2012.