D.C. Code § 29-1006.02

Current through codified legislation effective October 30, 2024
Section 29-1006.02 - Patron and investor members' interests
(a) Unless the organic rules establish investor members' interests, a member's interest shall be a patron member's interest.
(b) Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person, if admitted as:
(1) A patron member, shall remain a patron member;
(2) An investor member, shall remain an investor member; and
(3) A patron member and investor member, shall remain a patron and investor member if not dissociated in one of the capacities.

D.C. Code § 29-1006.02

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

Uniform Law: This section is based on § ,602 of the Uniform Limited Cooperative Association Act.