§ 29-1008.17 — Committees.

District of Columbia § 29-1008.17

• 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 board of directors may create one or more committees and appoint one or more individuals to serve on a committee.

(b) Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a limited cooperative association need not be a director or member.

(c) An individual who is not a director and is serving on a committee shall have the same rights, duties, and obligations as a director serving on the committee.

(d) Unless the organic rules otherwise provide each committee of a limited cooperative association may exercise the powers delegated to it by the board of directors, but a committee shall not:

(1) Approve allocations or distributions except according to a formula or method prescribed by the board of directors;

(2) Approve or propose to members action requiring approval of members; or

(3) Fill vacancies on the board of directors or any of its committees.

Legislative History

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