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

D.C. Code § 29-1010.06: Redemption or repurchase.

Where this section sits in the code

Title 29. Business Organizations. [Enacted title]
Chapter 10. Limited Cooperative Associations.
Subchapter X. Contributions, Allocations, and Distributions.

Property distributed to a member by a limited cooperative association, other than money, maybe redeemed or repurchased as provided in the organic rules, but a redemption or repurchase shall not be made without authorization by the board of directors. The board may withhold authorization for any reason in its sole discretion. A redemption or repurchase shall be treated as a distribution for purposes of § 29-1010.07.

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

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