1. (1) In a derivative action to enforce a right of a limited cooperative association, the complaint must state:

   1. (a) The date and content of the plaintiff's demand under section 7-58-1301 (1)(a) and the association's response;
   2. (b) If ninety days have not expired since the demand was received by the association, how irreparable harm to the association would result by waiting for the expiration of ninety days; and
   3. (c) If the association agreed to bring an action demanded, that the action has not been brought within a reasonable time.

Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 809, § 1, effective April 2, 2012.