District of Columbia § 29-1006.02 Patron and investor members’ interests.

District of Columbia Statutes

§ 29-1006.02 — Patron and investor members’ interests.

District of Columbia § 29-1006.02

Title 29Business Organizations. [Enacted title]

Ch. 10Limited Cooperative Associations.

Subch. VIMember’s Interest in Limited Cooperative Association.

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Bluebook

D.C. Code § 29-1006.02 (2026).

Text

(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.

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(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.