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2019 Kentucky Revised Statutes
Chapter 272A - Kentucky uniform limited cooperative association act
Subchapter 272A.13 - Actions by a Member Against a Limited Cooperative Association
272A.13-020 Proper plaintiff.

Universal Citation: KY Rev Stat § 272A.13-020 (2019)
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272A.13-020 Proper plaintiff. (1) (2) 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. 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. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 160, sec. 100, effective July 12, 2012.
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