D.C. Code § 29-1008.20

Current through codified legislation effective October 30, 2024

Section 29-1008.20 - Other considerations of directors

Unless the articles of organization otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long and short term interest of the association and its patron members, may consider:

(1) The interest of employees, customers, and suppliers of the association;

(2) The interest of the community in which the association operates; and

(3) Other cooperative principles and values that may be applied in the context of the decision.

D.C. Code § 29-1008.20

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

Uniform Law: This section is based on § ,820 of the Uniform Limited Cooperative Association Act. Edition