Approval for discontinuance or settlement

Colo. Rev. Stat. § 7-58-1304, under ACTION BY MEMBER.

Colo. Rev. Stat. § 7-58-1304

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.