A person may have a patron member’s interest and an investor member’s interest. When such person acts as a patron member, the person shall be subject to this chapter and the organic rules governing patron members. When such person acts as an investor member, the person shall be subject to this chapter and the organic rules governing investor members.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
Uniform Law: This section is based on § 116 of the Uniform Limited Cooperative Association Act.
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 10 - Limited Cooperative Associations
Subchapter I - General Provisions
§ 29–1001.03. Nature of limited cooperative association
§ 29–1001.04. Purpose and duration of limited cooperative association
§ 29–1001.07. Requirements of other laws
§ 29–1001.08. Relation to restraint of trade and antitrust laws
§ 29–1001.09. Effect of organic rules
§ 29–1001.10. Required information
§ 29–1001.11. Business transactions of member with limited cooperative association
§ 29–1001.13. Approval of entity transaction by limited cooperative association