Except as otherwise provided in § 29-1008.20:
(1) The discharge of the duties of a director or member of a committee of the board of directors shall be governed by the law applicable to directors of entities organized under Chapter 3 of this title; and
(2) The liability of a director or member of a committee of the board of directors shall be governed by the law applicable to directors of entities organized under Chapter 3 of this title.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
This section is referenced in § 29-1001.09, § 29-1001.11, and § 29-1010.08.
Uniform Law: This section is based on § 818 of the Uniform Limited Cooperative Association Act. Edition
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 10 - Limited Cooperative Associations
Subchapter VIII - Directors and Officers
§ 29–1008.01. Board of directors
§ 29–1008.02. No liability as director for limited cooperative association’s obligations
§ 29–1008.03. Qualifications of directors
§ 29–1008.04. Election of directors and composition of board
§ 29–1008.05. Term of director
§ 29–1008.06. Resignation of director
§ 29–1008.07. Removal of director
§ 29–1008.08. Suspension of director by board
§ 29–1008.09. Vacancy on board
§ 29–1008.10. Remuneration of directors
§ 29–1008.12. Action without meeting
§ 29–1008.13. Meetings and notice
§ 29–1008.14. Waiver of notice of meeting
§ 29–1008.18. Standards of conduct and liability
§ 29–1008.19. Conflict of interest
§ 29–1008.20. Other considerations of directors
§ 29–1008.21. Right of director or committee member to information