(a) Members shall meet annually at a time provided in the organic rules or set by the board of directors not inconsistent with the organic rules.
(b) An annual members meeting may be held inside or outside the District at the place stated in the organic rules or selected by the board of directors not inconsistent with the organic rules.
(c) Unless the organic rules otherwise provide, members may attend or conduct an annual members meeting through any means of communication if all members attending the meeting can communicate with each other during the meeting.
(d) The board of directors shall report, or cause to be reported, at the association’s annual members meeting the association’s business and financial condition as of the close of the most recent fiscal year.
(e) Unless the organic rules otherwise provide, the board of directors shall designate the presiding officer of the association’s annual members meeting.
(f) Failure to hold an annual members meeting shall not affect the validity of any action by the limited cooperative association.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
This section is referenced in § 29-1001.09.
Uniform Law: This section is based on § 506 of the Uniform Limited Cooperative Association Act.
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