Any individual, association, corporation, incorporated or unincorporated group organized on a cooperative basis, any nonprofit group, or other entity shall be eligible for membership in an association if it has met the qualifications for eligibility, if any, stated in the articles or bylaws and shall be deemed a member upon payment in full for the par value of the minimum amount of share or membership capital stated in the articles as necessary to qualify for membership.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
2001 Ed., § 29-923.
1981 Ed., § 29-1123.
1973 Ed., § 29-823.
This section is referenced in § 29-902.
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 9 - General Cooperative Associations
§ 29–904. Purposes for incorporation
§ 29–905. Powers of association
§ 29–906. Articles of incorporation — Contents
§ 29–908. Bylaws; adoption, amendment, or repeal
§ 29–910. Meetings; regular and special
§ 29–911. Meetings; regular and special — Notice
§ 29–912. Meetings; regular and special — Units of membership
§ 29–913. Voting — Number permitted by each member
§ 29–914. Voting — Proxy prohibited
§ 29–915. Voting — By mail or by electronic mail
§ 29–916. Voting provisions — Application to voting by mail or electronic mail
§ 29–917. Voting provisions — Application to voting by delegates
§ 29–920. Removal of directors and officers; vote required for approval; vacancies
§ 29–921. Referendum on acts of directors
§ 29–922. Limitations upon the return on capital
§ 29–923. Eligibility and admission to membership
§ 29–925. Share and membership certificates; issuance and contents
§ 29–926. Transfer of shares and memberships; withdrawal
§ 29–927. Share and membership certificates — Recall
§ 29–928. Share and membership certificates — Exemption for attachment, execution and garnishment
§ 29–929. Liability of members
§ 29–930. Expulsion of members; procedure; purchase of holdings
§ 29–931. Allocation and distribution of net savings
§ 29–932. Bonding of officers and employees
§ 29–934. Dissolution; methods; vote required for approval; distribution of assets
§ 29–936. Foreign corporations and associations; admission to do business
§ 29–937. Compliance with chapter; not in restraint of trade
§ 29–938. Chapter 3 of this title applicable to associations