District of Columbia § 29-1005.14 Voting requirements for members.

District of Columbia Statutes

§ 29-1005.14 — Voting requirements for members.

District of Columbia § 29-1005.14

Title 29Business Organizations. [Enacted title]

Ch. 10Limited Cooperative Associations.

Subch. VMembers.

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Bluebook

D.C. Code § 29-1005.14 (2026).

Text

If a limited cooperative association has both patron and investor members, the following rules shall apply:

(1)The total voting power of all patron members shall not be less than a majority of the entire voting power entitled to vote.

(2)Action on any matter shall be approved only upon the affirmative vote of at least a majority of:

(A)All members voting at the meeting unless more than a majority is required by subchapters IV, XII, XIV, or XV of this chapter or the organic rules; and

(B)Votes cast by patron members unless the organic rules require a larger affirmative vote by patron members.

(3)The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.

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If a limited cooperative association has both patron and investor members, the following rules shall apply:

(1) The total voting power of all patron members shall not be less than a majority of the entire voting power entitled to vote.

(2) Action on any matter shall be approved only upon the affirmative vote of at least a majority of:

(A) All members voting at the meeting unless more than a majority is required by subchapters IV, XII, XIV, or XV of this chapter or the organic rules; and

(B) Votes cast by patron members unless the organic rules require a larger affirmative vote by patron members.

(3) The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.