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

D.C. Code § 29-1008.02: No liability as director for limited cooperative association’s obligations.

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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 VIII. Directors and Officers.

A debt, obligation, or other liability of a limited cooperative association shall be solely that of the association and shall not be a debt, obligation, or liability of a director solely by reason of being a director. An individual shall not be personally liable, directly or indirectly, for an obligation of an association solely by reason of being a director.

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

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