District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 10 - Limited Cooperative Associations

§ 29–1001.11. Business transactions of member with limited cooperative association - Subject to §§ 29-1008.18 and 29-1008.19 and except as otherwise...

§ 29–1001.12. Dual capacity - A person may have a patron member’s interest and an...

§ 29–1001.13. Approval of entity transaction by limited cooperative association - (a) For a limited cooperative association to approve an entity...

Subchapter II - Filing

§ 29–1002.01. Signing of records delivered for filing to Mayor - A record delivered to the Mayor for filing pursuant to...

§ 29–1002.02. Signing and filing of records pursuant to judicial order - (a) If a person required by this chapter to sign...

§ 29–1002.03. Liability for inaccurate information in filed record - If a record delivered to the Mayor for filing under...

Subchapter III - Formation and Initial Articles of Organization of Limited Cooperative Association

§ 29–1003.01. Organizers - A limited cooperative association shall be organized by one or...

§ 29–1003.02. Formation of limited cooperative association; articles of organization - (a) To form a limited cooperative association, an organizer of...

§ 29–1003.03. Organization of limited cooperative association - (a) After a limited cooperative association is formed: (1) If...

§ 29–1003.04. Bylaws - (a) Bylaws shall be in a record and, if not...

Subchapter IV - Amendment of Organic Rules of Limited Cooperative Association

§ 29–1004.01. Authority to amend organic rules - (a) A limited cooperative association may amend its organic rules...

§ 29–1004.02. Notice and action on amendment of organic rules - (a) Except as otherwise provided in §§ 29-1004.01(a) and 29-1004.05(f),...

§ 29–1004.03. Method of voting on amendment of organic rules - (a) A substantive change to a proposed amendment of the...

§ 29–1004.04. Voting by district, class, or voting group - (a) This section shall apply if the organic rules provide...

§ 29–1004.05. Approval of amendment - (a) Subject to § 29-1004.04 and subsections (c) and (d)...

§ 29–1004.06. Restated articles of organization - A limited cooperative association, by the affirmative vote of a...

§ 29–1004.07. Amendment or restatement of articles of organization; filing - (a) To amend its articles of organization, a limited cooperative...

Subchapter V - Members

§ 29–1005.01. Members - To begin business, a limited cooperative association shall have at...

§ 29–1005.02. Becoming member - (a) If a limited cooperative association is to have only...

§ 29–1005.03. No agency power of member as member - (a) A member is not an agent of a limited...

§ 29–1005.04. Liability of members and managers - (a) A debt, obligation, or other liability of a limited...

§ 29–1005.05. Right of member and former member to information - (a) On reasonable notice a member may inspect and copy,...

§ 29–1005.06. Annual meeting of members - (a) Members shall meet annually at a time provided in...

§ 29–1005.07. Special meeting of members - (a) A special meeting of members shall be called only:...

§ 29–1005.08. Notice of members meeting - (a) A limited cooperative association shall notify each member of...

§ 29–1005.09. Waiver of members meeting notice - (a) A member may waive notice of a members meeting...

§ 29–1005.10. Quorum of members - Unless the organic rules otherwise require a greater number of...

§ 29–1005.11. Voting by patron members - Except as otherwise provided by § 29-1005.12(a), each patron member...

§ 29–1005.12. Determination of voting power of patron member - (a) The organic rules may allocate voting power among patron...

§ 29–1005.13. Voting by investor members - If the organic rules provide for investor members, each investor...

§ 29–1005.14. Voting requirements for members - If a limited cooperative association has both patron and investor...

§ 29–1005.15. Manner of voting - (a) Unless the organic rules otherwise provide, voting by a...

§ 29–1005.16. Action without a meeting - (a) Unless the organic rules require that action be taken...

§ 29–1005.17. Districts and delegates; classes of members - (a) The organic rules may provide for the formation of...

Subchapter VI - Member’s Interest in Limited Cooperative Association

§ 29–1006.01. Member’s interest - A member’s interest shall: (1) Be personal property; (2) Consist...

§ 29–1006.02. Patron and investor members’ interests - (a) Unless the organic rules establish investor members’ interests, a...

§ 29–1006.03. Transferability of member’s interest - (a) The provisions of this chapter relating to the transferability...

§ 29–1006.04. Security interest and set-off - (a) A member or transferee may create an enforceable security...

§ 29–1006.05. Charging order - (a) On application by a judgment creditor of a member...

Subchapter VII - Marketing Contracts

§ 29–1007.01. Authority - For the purposes of this subchapter, the term “marketing contract”...

§ 29–1007.02. Marketing contracts - (a) If a marketing contract provides for the sale of...

§ 29–1007.03. Duration of marketing contract - The initial duration of a marketing contract shall not exceed...

§ 29–1007.04. Remedies for breach of contract - (a) Damages to be paid to a limited cooperative association...

Subchapter VIII - Directors and Officers

§ 29–1008.01. Board of directors - (a) A limited cooperative association shall have a board of...

§ 29–1008.02. No liability as director for limited cooperative association’s obligations - A debt, obligation, or other liability of a limited cooperative...

§ 29–1008.03. Qualifications of directors - (a) Unless the organic rules otherwise provide, and subject to...

§ 29–1008.04. Election of directors and composition of board - (a) Unless the organic rules require a greater number: (1)...

§ 29–1008.05. Term of director - (a) Unless the organic rules otherwise provide, and subject to...

§ 29–1008.06. Resignation of director - A director may resign at any time by giving notice...

§ 29–1008.07. Removal of director - Unless the organic rules otherwise provide, the following rules shall...

§ 29–1008.08. Suspension of director by board - (a) A board of directors may suspend a director if,...

§ 29–1008.09. Vacancy on board - (a) Unless the organic rules otherwise provide, a vacancy on...

§ 29–1008.10. Remuneration of directors - Unless the organic rules otherwise provide, the board of directors...

§ 29–1008.11. Meetings - (a) A board of directors shall meet at least annually...

§ 29–1008.12. Action without meeting - (a) Unless prohibited by the organic rules, any action that...

§ 29–1008.13. Meetings and notice - (a) Unless the organic rules otherwise provide, a board of...

§ 29–1008.14. Waiver of notice of meeting - (a) Unless the organic rules otherwise provide, a director may...

§ 29–1008.15. Quorum - (a) Unless the articles of organization provide for a greater...

§ 29–1008.16. Voting - (a) Each director shall have one vote for purposes of...

§ 29–1008.17. Committees - (a) Unless the organic rules otherwise provide, a board of...

§ 29–1008.18. Standards of conduct and liability - Except as otherwise provided in § 29-1008.20: (1) The discharge...

§ 29–1008.19. Conflict of interest - (a) The law applicable to conflicts of interest between a...

§ 29–1008.20. Other considerations of directors - Unless the articles of organization otherwise provide, in considering the...

§ 29–1008.21. Right of director or committee member to information - A director or a member of a committee appointed under...

§ 29–1008.22. Appointment and authority of officers - (a) A limited cooperative association shall have the officers: (1)...

§ 29–1008.23. Resignation and removal of officers - (a) The board of directors may remove an officer at...

Subchapter IX - Indemnification

§ 29–1009.01. Indemnification - (a) Indemnification of an individual who has incurred liability or...

Subchapter X - Contributions, Allocations, and Distributions

§ 29–1010.01. Members’ contributions - The organic rules shall establish the amount, manner, or method...

§ 29–1010.02. Contribution and valuation - (a) Unless the organic rules otherwise provide, the contributions of...

§ 29–1010.03. Contribution agreements - (a) Except as otherwise provided in the agreement, the following...

§ 29–1010.04. Allocations of profits and losses - (a) The organic rules may provide for allocating profits of...

§ 29–1010.05. Distributions - (a) Unless the organic rules otherwise provide and subject to...

§ 29–1010.06. Redemption or repurchase - Property distributed to a member by a limited cooperative association,...

§ 29–1010.07. Limitations on distributions - (a) A limited cooperative association shall not make a distribution,...

§ 29–1010.08. Liability for improper distributions; limitation of action - (a) Except as otherwise provided in subsection (b) of this...

Subchapter XI - Dissociation

§ 29–1011.01. Member’s dissociation - (a) A person has the power to dissociate as a...

§ 29–1011.02. Effect of dissociation as member - (a) Upon a member’s dissociation: (1) The person’s right to...

§ 29–1011.03. Power of legal representative of member - Unless the organic rules provide for greater rights, if a...

Subchapter XII - Dissolution

§ 29–1012.01. Dissolution and winding up - A limited cooperative association shall be dissolved only as provided...

§ 29–1012.02. Nonjudicial dissolution - Except as otherwise provided in §§ 29-1012.03 and 29-106.02, a...

§ 29–1012.03. Judicial dissolution - The Superior Court may dissolve a limited cooperative association or...

§ 29–1012.04. Voluntary dissolution before commencement of activity - A majority of the organizers or initial directors of a...

§ 29–1012.05. Voluntary dissolution by the board and members - (a) Except as otherwise provided in § 29-1012.04, for a...

§ 29–1012.06. Winding up - (a) A dissolved limited cooperative association shall wind up its...

§ 29–1012.07. Distribution of assets in winding up limited cooperative association - (a) In winding up a limited cooperative association’s activities and...

§ 29–1012.08. Known claims against dissolved limited cooperative association - (a) Subject to subsection (d) of this section, a dissolved...

§ 29–1012.09. Other claims against dissolved limited cooperative association - (a) A dissolved limited cooperative association may publish notice of...

§ 29–1012.10. Court proceedings - (a) Upon application by a dissolved limited cooperative association that...

§ 29–1012.11. Statement of dissolution - (a) A limited cooperative association that has dissolved or is...

§ 29–1012.12. Statement of termination - (a) A dissolved limited cooperative association that has completed winding...

§ 29–1012.13. Rescinding dissolution - (a) A limited cooperative association may rescind its dissolution, unless...

Subchapter XIII - Action by Member

§ 29–1013.01. Derivative action - A member may maintain a derivative action in the Superior...

§ 29–1013.02. Proper plaintiff - (a) A derivative action to enforce a right of a...

§ 29–1013.03. Pleading - In a derivative action to enforce a right of a...

§ 29–1013.04. Approval for discontinuance or settlement - A derivative action to enforce a right of a limited...

§ 29–1013.05. Proceeds and expenses - (a) Except as otherwise provided in subsection (b) of this...

§ 29–1013.06. Special litigation committee - (a) If a limited cooperative association is named as or...

Subchapter XIV - Disposition of Assets

§ 29–1014.01. Disposition of assets not requiring member approval - Unless the articles of organization otherwise provide, member approval under...

§ 29–1014.02. Member approval of other disposition of assets - A sale, lease, exchange, license, or other disposition of assets...

§ 29–1014.03. Notice and action on disposition of assets - For a limited cooperative association to dispose of assets under...

§ 29–1014.04. Disposition of assets - (a) Subject to subsection (b) of this section, a disposition...

Subchapter XV - Merger

§ 29–1015.01. Definitions - For the purposes of this subchapter, the term: (1) “Constituent...

§ 29–1015.02. Merger - (a) One or more constituent limited cooperative associations may merge...

§ 29–1015.03. Notice and action on plan of merger - (a) For a limited cooperative association to merge with another...

§ 29–1015.04. Approval or abandonment of merger by members - (a) Subject to subsections (b) and (c) of this section,...

§ 29–1015.05. Filings required for merger; effective date - (a) After each constituent limited cooperative association has approved a...

§ 29–1015.06. Effect of merger - (a) When a merger becomes effective: (1) The surviving limited...

§ 29–1015.07. Consolidation - (a) Constituent limited cooperative associations may agree to call a...

§ 29–1015.08. Subchapter not exclusive - This subchapter shall not prohibit a limited cooperative association from...

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District of Columbia Code Title 29 - Business Organizations. [Enacted title] Chapter 10 - Limited Cooperative Associations

District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 10 - Limited Cooperative Associations