Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 29 - BUSINESS ORGANIZATIONSChapter 10 - LIMITED COOPERATIVE ASSOCIATIONS
Subchapter XIV - DISPOSITION OF ASSETS
Section 29-1014.02 - Member approval of other disposition of assets

D.C. Code § 29-1014.02

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Current through codified legislation effective October 30, 2024
Section 29-1014.02 - Member approval of other disposition of assets

A sale, lease, exchange, license, or other disposition of assets of a limited cooperative association, other than a disposition described in § 29-1014.01, shall require approval of the association's members under §§ 29-1014.03 and 29-1014.04 if the disposition leaves the association without significant continuing business activity.

D.C. Code § 29-1014.02

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

Uniform Law: This section is based on § ,1502 of the Uniform Limited Cooperative Association Act.