Applicability of derivative proceeding to foreign limited cooperative associations

7-58-1306. Applicability of derivative proceeding to foreign limited cooperative associations. In any derivative proceeding in the right of a foreign limited cooperative association, the right of a person to commence or maintain a derivative proceeding in the right of a foreign limited cooperative association and any matters raised in the proceeding covered by sections 7-58-1301 to 7-58-1305 are governed by the law of the jurisdiction under which the foreign limited cooperative association was formed; except that any matters raised in the proceeding covered by section 7-58-1304 are governed by the law of this state. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 810, � 1, effective April 2, 2012. PART 14 FOREIGN COOPERATIVES