KRS 272A.13-020: Proper plaintiff.
Where this section sits in the code
(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:
1. Was a member when the conduct giving rise to the action occurred; or
2. Whose status as a member devolved upon the person by operation of law
or the organic rules 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.
Collected 2026-09-05T20:53:23Z. Source file · JSON