Kentucky Statutes 272A.13-030 – Pleading derivative action
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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.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 101, effective July 12, 2012.
(1) The date and content of the plaintiff‘s demand under KRS § 272A.13-010(1) and the association’s response;
Terms Used In Kentucky Statutes 272A.13-030
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Cooperative: means a limited cooperative association or an entity organized under any cooperative law of any jurisdiction. See Kentucky Statutes 272A.1-020
- Plaintiff: The person who files the complaint in a civil lawsuit.
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Kentucky Statutes 272A.1-020
(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.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 101, effective July 12, 2012.