District of Columbia Statutes
§ 29-1008.03 — Qualifications of directors.
District of Columbia § 29-1008.03
JurisdictionDistrict of Columbia
Title 29Business Organizations. [Enacted title]
Ch. 10Limited Cooperative Associations.
Subch. VIIIDirectors and Officers.
This text of District of Columbia § 29-1008.03 (Qualifications of directors.) 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 § 29-1008.03 (2026).
Text
(a)Unless the organic rules otherwise provide, and subject to subsection (c) of this section, each director of a limited cooperative association shall be an individual who is a member of the association or an individual who is designated by a member that is not an individual for purposes of qualifying and serving as a director. Initial directors need not be members.
(b)Unless the organic rules otherwise provide, a director may be an officer or employee of the limited cooperative association.
(c)If the organic rules provide for nonmember directors, the number of nonmember directors shall not exceed:
(1)One, if there are 2 through 4 directors;
(2)Two, if there are 5 through 8 directors; or
(3)One-third of the total number of directors if there are at least 9 directors.
(d)
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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 § 29-1008.03, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/29-1008.03.