Section 272A.13-010 - Derivative actionsA 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, within ninety (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 ninety (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.Added by 2012 Ky. Acts ch. 160,§ 99, eff. 7/11/2012.