Alaska § 10.15.200 - Procedural requisites in action brought in right of cooperative by member or shareholder.
Full text of Alaska Alaska Statutes § 10.15.200 — Procedural requisites in action brought in right of cooperative by member or shareholder., with citation guidance and answers to common questions.
§ 10.15.200. Procedural requisites in action brought in right of cooperative by member or shareholder.
(a) An action may not be instituted or maintained in the right of a cooperative by a member or shareholder unless that person (1) alleges in the complaint that the person was a member or shareholder of record when a part of the transaction of which the person complains took place, or that membership or stock afterwards devolved on the person by operation of law from a person who was a member or shareholder at that time;
(2) alleges in the complaint with particularity efforts of the person to secure from the board the action desired, that the person has either informed the cooperative or board in writing of the ultimate facts of each cause of action against each director or that the person has delivered to the cooperative or board a copy of the complaint that the person proposes to file, and states the reasons for failure of the person to obtain action or the reasons for not making the effort;
(3) files a complaint in the action within 20 days after notification given to the cooperative or board as provided by (2) of this subsection.
(b) The action may not be dismissed or compromised without the approval of the court.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 10.15.200
What does Alaska Statutes § 10.15.200 cover?
Section 10.15.200 ("Procedural requisites in action brought in right of cooperative by member or shareholder.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 10.15.200?
A common citation format is "Alaska Statutes § 10.15.200" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 10.15.200 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.