District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-1004.01: Authority to amend organic rules.

Where this section sits in the code

Title 29. Business Organizations. [Enacted title]
Chapter 10. Limited Cooperative Associations.
Subchapter IV. Amendment of Organic Rules of Limited Cooperative Association.

(a)

A limited cooperative association may amend its organic rules under this subchapter for any lawful purpose. In addition, the initial board of directors may amend the bylaws of an association under § 29-1003.04.

(b)

Unless the organic rules otherwise provide, a member shall not have a vested property right resulting from any provision in the organic rules, including a provision relating to the management, control, capital structure, distribution, entitlement, purpose, or duration of the limited cooperative association.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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