(a) A member is not an agent of a limited cooperative association solely by reason of being a member.
(b) A person’s status as a member does not prevent or restrict law other than this chapter from imposing liability on a limited cooperative association because of the person’s conduct.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(j)(4)(B), 59 DCR 13171.)
The 2013 amendment by D.C. Law 19-210 rewrote the section.
Uniform Law: This section is based on § 503 of the Uniform Limited Cooperative Association Act.
Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 10 - Limited Cooperative Associations
§ 29–1005.03. No agency power of member as member
§ 29–1005.04. Liability of members and managers
§ 29–1005.05. Right of member and former member to information
§ 29–1005.06. Annual meeting of members
§ 29–1005.07. Special meeting of members
§ 29–1005.08. Notice of members meeting
§ 29–1005.09. Waiver of members meeting notice
§ 29–1005.10. Quorum of members
§ 29–1005.11. Voting by patron members
§ 29–1005.12. Determination of voting power of patron member
§ 29–1005.13. Voting by investor members
§ 29–1005.14. Voting requirements for members
§ 29–1005.15. Manner of voting