D.C. Code § 29-1012.02: Nonjudicial dissolution.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 10. Limited Cooperative Associations.
- Subchapter XII. Dissolution.
Except as otherwise provided in §§ 29-1012.03 and 29-106.02, a limited cooperative association is dissolved and its activities shall be wound up:
(1)
Upon the occurrence of an event or at a time specified in the articles of organization;
(2)
Upon the action of the association’s organizers, board of directors, or members under § 29-1012.04 or § 29-1012.05; or
(3)
Ninety days after the dissociation of a member, which results in the association having one patron member and no other members, unless the association:
(A)
Has a sole member that is a cooperative; or
(B)
Not later than the end of the 90-day period, admits at least one member in accordance with the organic rules and has at least 2 members, at least one of which is a patron member.
Collected 2026-08-29T05:44:07Z. Source file · JSON