{"data":{"id":"us-dc/d.c.-code-29-1012.03","jurisdiction":"us-dc","citation":"D.C. Code § 29-1012.03","heading":"Judicial dissolution.","body":"The Superior Court may dissolve a limited cooperative association or order any action that under the circumstances is appropriate and equitable in a proceeding initiated by:\n\n(1)\nThe Attorney General for the District of Columbia, if the association:\n(A)\nObtained its articles of organization through fraud; or\n(B)\nHas continued to exceed or abuse the authority conferred upon it by law; or\n\n(2)\nA member, if:\n(A)\nThe directors are deadlocked in the management of the association’s affairs, the members are unable to break the deadlock, and irreparable injury to the association is occurring or is threatened because of the deadlock;\n(B)\nThe directors or those in control of the association have acted, are acting, or will act in a manner that is illegal, oppressive, or fraudulent;\n(C)\nThe members are deadlocked in voting power and have failed to elect successors to directors whose terms have expired for 2 consecutive periods during which annual members meetings were held or were to be held; or\n(D)\nThe assets of the association are being misapplied or wasted.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 10. Limited Cooperative Associations.","Subchapter XII. Dissolution."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-1012.03","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"a1aef206b3eadf3744fc76345ada694bb7e76971d44e3c2a7d64567ef47569ba","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1012.02","next":"us-dc/d.c.-code-29-1012.04"},"notice":"GroundRules: Original legal text. Not legal advice."}