§ 29-1008.09 — Vacancy on board.

District of Columbia § 29-1008.09

• Jurisdiction: District of Columbia
• Title 29: Business Organizations. [Enacted title]
• Ch. 10: Limited Cooperative Associations.
• Subch. VIII: Directors and Officers.

Text

(a) Unless the organic rules otherwise provide, a vacancy on the board of directors shall be filled:

(1) Within a reasonable time by majority vote of the remaining directors until the next annual members meeting or a special meeting of members called to fill the vacancy; and

(2) For the unexpired term by members at the next annual members meeting or a special meeting of members called to fill the vacancy.

(b) Unless the organic rules otherwise provide, if a vacating director was elected or appointed by a class of members or a district:

(1) The new director shall be of that class or district; and

(2) The selection of the director for the unexpired term shall be conducted in the same manner as would the selection for that position without a vacancy.

(c) If a member appointed a vacating director, the organic rules may provide for that member to appoint a director to fill the vacancy.

Legislative History

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720