16-16-1302. Proper plaintiff.
(1) A derivative action to enforce a right of a limited cooperative association may be maintained only by a person that: is a member or a dissociated member at the time the action is commenced and: was a member when the conduct giving rise to the action occurred; or whose status as a member devolved upon the person by operation of law or the organic rules from a person that was a member at the time of the conduct; and adequately represents the interests of the association.
(2) If the sole plaintiff in a derivative action dies while the action is pending, the court may permit another member who meets the requirements of Subsectionto be substituted as plaintiff. (1)