District of Columbia § 29-1010.05 Distributions.

District of Columbia Statutes

§ 29-1010.05 — Distributions.

District of Columbia § 29-1010.05

Title 29Business Organizations. [Enacted title]

Ch. 10Limited Cooperative Associations.

Subch. XContributions, Allocations, and Distributions.

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Bluebook

D.C. Code § 29-1010.05 (2026).

Text

(a)Unless the organic rules otherwise provide and subject to § 29-1010.07 , the board of directors may authorize, and the limited cooperative association may make, distributions to members.

(b)Unless the organic rules otherwise provide, distributions to members may be made in any form, including money, capital credits, allocated patronage equities, revolving fund certificates, and the limited cooperative association’s own or other securities.

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(a) Unless the organic rules otherwise provide and subject to § 29-1010.07 , the board of directors may authorize, and the limited cooperative association may make, distributions to members.

(b) Unless the organic rules otherwise provide, distributions to members may be made in any form, including money, capital credits, allocated patronage equities, revolving fund certificates, and the limited cooperative association’s own or other securities.