{"data":{"id":"us-co/c.r.s.-7-58-1301","jurisdiction":"us-co","citation":"C.R.S. § 7-58-1301","heading":"Derivative action.","body":"(1) A member may maintain a derivative action to enforce a right of a limited cooperative association if:\n\n(a) The member demands in a record that the association bring an action to enforce the right; and\n\n(b) Any of the following occur:\n\n(I) The association does not, within ninety days after the association receives the demand, agree to bring the action;\n\n(II) The association notifies the member in a record that it has rejected the demand;\n\n(III) Irreparable harm to the association would result by waiting ninety days after the association receives the demand; or\n\n(IV) The association agrees to bring an action demanded and fails to bring the action within a reasonable time.","path":["Title 7 - CORPORATIONS AND ASSOCIATIONS","Article 58 - Uniform Limited Cooperative Association Act","Part 13 - ACTION BY MEMBER"],"source_url":"https://olls.info/crs/crs2026-title-07.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"20d754737ec7d2e05146af4a90a5fd14fc440bdb6bcf2c5b71ff2388e094b4be","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-7-58-1210","next":"us-co/c.r.s.-7-58-1302"},"notice":"GroundRules: Original legal text. Not legal advice."}