District of Columbia Statutes
§ 29-1008.02 — No liability as director for limited cooperative association’s obligations.
District of Columbia § 29-1008.02
JurisdictionDistrict of Columbia
Title 29Business Organizations. [Enacted title]
Ch. 10Limited Cooperative Associations.
Subch. VIIIDirectors and Officers.
This text of District of Columbia § 29-1008.02 (No liability as director for limited cooperative association’s obligations.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
D.C. Code § 29-1008.02 (2026).
Text
A debt, obligation, or other liability of a limited cooperative association shall be solely that of the association and shall not be a debt, obligation, or liability of a director solely by reason of being a director. An individual shall not be personally liable, directly or indirectly, for an obligation of an association solely by reason of being a director.
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Legislative History
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
Nearby Sections
15
§ 29-1001.01
Short title.§ 29-1001.02
Definitions.§ 29-1001.03
Nature of limited cooperative association.§ 29-1001.05
Powers.§ 29-1001.06
Governing law.§ 29-1001.07
Requirements of other laws.§ 29-1001.09
Effect of organic rules.§ 29-1001.10
Required information.§ 29-1001.12
Dual capacity.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 29-1008.02, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/29-1008.02.