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Derivative action.

Utah Code § 16-16-1301
in effect
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16-16-1301. Derivative action. 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. Enacted by Chapter 363, 2008 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title16/Chapter16/16-16-S1301.html?v=C16-16-S1301_1800010118000101Fetched: 10/26/2026

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