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

D.C. Code § 29-1005.04: Liability of members and managers.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 10. Limited Cooperative Associations.
  3. Subchapter V. Members.

(a)

A debt, obligation, or other liability of a limited cooperative association is solely the debt, obligation, or other liability of the limited cooperative association. A member or manager of the limited cooperative association is not personally liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the association solely by reason of being or acting as a member or manager of the association. This subsection applies regardless of the dissolution of the association.

(b)

The failure of a limited cooperative association to observe formalities relating to the exercise of its powers or management of its activities and affairs is not a ground for imposing liability on any member or manager of the association for any debt, obligation, or other liability of the association.

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

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