District of Columbia § 29-1004.01 Authority to amend organic rules.

District of Columbia Statutes

§ 29-1004.01 — Authority to amend organic rules.

District of Columbia § 29-1004.01

Title 29Business Organizations. [Enacted title]

Ch. 10Limited Cooperative Associations.

Subch. IVAmendment of Organic Rules of Limited Cooperative Association.

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Bluebook

D.C. Code § 29-1004.01 (2026).

Text

(a)A limited cooperative association may amend its organic rules under this subchapter for any lawful purpose. In addition, the initial board of directors may amend the bylaws of an association under § 29-1003.04 .

(b)Unless the organic rules otherwise provide, a member shall not have a vested property right resulting from any provision in the organic rules, including a provision relating to the management, control, capital structure, distribution, entitlement, purpose, or duration of the limited cooperative association.

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(a) A limited cooperative association may amend its organic rules under this subchapter for any lawful purpose. In addition, the initial board of directors may amend the bylaws of an association under § 29-1003.04 .

(b) Unless the organic rules otherwise provide, a member shall not have a vested property right resulting from any provision in the organic rules, including a provision relating to the management, control, capital structure, distribution, entitlement, purpose, or duration of the limited cooperative association.