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Utah · Through 2026 General Session

Utah Code § 16-16-1301: Derivative action.

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Where this section sits in the code
  1. Title 16 Corporations
  2. Chapter 16-16 Uniform Limited Cooperative Association Act
  3. Part 16-16-13 Action by Member

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:

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

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

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

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

Collected 2026-09-03T11:34:33Z. Source file · JSON

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