{"data":{"id":"us-dc/d.c.-code-29-1005.04","jurisdiction":"us-dc","citation":"D.C. Code § 29-1005.04","heading":"Liability of members and managers.","body":"(a)\nA 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.\n\n(b)\nThe 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.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 10. Limited Cooperative Associations.","Subchapter V. Members."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-1005.04","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"9eef4a557e28fd57c0b3c49e88845966eaa9e35c07686ae9ef3ac99fbf3ebccb","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1005.03","next":"us-dc/d.c.-code-29-1005.05"},"notice":"GroundRules: Original legal text. Not legal advice."}