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KRS 272A.13-030

Pleading derivative action

Known as the Kentucky Uniform Limited Cooperative Association Act

The act spans §§ 272A.10-010 to 272A.9-010 (123 sections).

Effective: July 12, 2012 History: Created 2012 Ky

In a derivative action to enforce a right of a limited cooperative association, the complaint shall be verified and shall state:

(1) The date and content of the plaintiff's demand under KRS 272A.13-010(1) and the association's response;

(2) If ninety (90) days have not expired since the demand, how irreparable harm to the association would result by waiting for the expiration of ninety (90) days; and (3) If the association agreed to bring an action demanded, that the action has not been brought within a reasonable time.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.