District of Columbia § 29-1012.02 Nonjudicial dissolution.

District of Columbia Statutes

§ 29-1012.02 — Nonjudicial dissolution.

District of Columbia § 29-1012.02

Title 29Business Organizations. [Enacted title]

Ch. 10Limited Cooperative Associations.

Subch. XIIDissolution.

This text of District of Columbia § 29-1012.02 (Nonjudicial dissolution.) 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 § 29-1012.02 (2026).

Text

Except as otherwise provided in §§ 29-1012.03 and 29-106.02 , a limited cooperative association is dissolved and its activities shall be wound up:

(1)Upon the occurrence of an event or at a time specified in the articles of organization;

(2)Upon the action of the association’s organizers, board of directors, or members under § 29-1012.04 or § 29-1012.05 ; or

(3)Ninety days after the dissociation of a member, which results in the association having one patron member and no other members, unless the association:

(A)Has a sole member that is a cooperative; or

(B)Not later than the end of the 90-day period, admits at least one member in accordance with the organic rules and has at least 2 members, at least one of which is a patron member.

Free access — add to your briefcase to read the full text and ask questions with AI

Except as otherwise provided in §§ 29-1012.03 and 29-106.02 , a limited cooperative association is dissolved and its activities shall be wound up:

(1) Upon the occurrence of an event or at a time specified in the articles of organization;

(2) Upon the action of the association’s organizers, board of directors, or members under § 29-1012.04 or § 29-1012.05 ; or

(3) Ninety days after the dissociation of a member, which results in the association having one patron member and no other members, unless the association:

(A) Has a sole member that is a cooperative; or

(B) Not later than the end of the 90-day period, admits at least one member in accordance with the organic rules and has at least 2 members, at least one of which is a patron member.