A derivative action to enforce a right of a limited cooperative association may not be discontinued or settled without notice to the association and the court's approval.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 810, § 1, effective April 2, 2012.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 58 - Uniform Limited Cooperative Association Act
§ 7-58-1301. Derivative Action
§ 7-58-1304. Approval for Discontinuance or Settlement
§ 7-58-1305. Proceeds and Expenses
§ 7-58-1306. Applicability of Derivative Proceeding to Foreign Limited Cooperative Associations