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

D.C. Code § 29-1012.02: Nonjudicial dissolution.

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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 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

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