Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 29 - BUSINESS ORGANIZATIONSChapter 10 - LIMITED COOPERATIVE ASSOCIATIONS
Subchapter I - GENERAL PROVISIONS
Section 29-1001.04 - Purpose and duration of limited cooperative association

D.C. Code § 29-1001.04

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Current through codified legislation effective October 30, 2024
Section 29-1001.04 - Purpose and duration of limited cooperative association
(a) A limited cooperative association shall be an entity distinct from its members.
(b) A limited cooperative association may be organized for any lawful purpose, whether or not for profit.
(c) Unless the articles of organization state a term for a limited cooperative association's existence, the association shall have perpetual duration.

D.C. Code § 29-1001.04

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.

Uniform Law: This section is based on § ,105 of the Uniform Limited Cooperative Association Act.