District of Columbia Statutes
§ 29-1122 — Distributions prohibited; compensation and other permitted payments.
District of Columbia·Title 29 Business Organizations. [Enacted title]·Ch. 11 Unincorporated Nonprofit Associations.
(a)Except as otherwise provided in subsection (b) of this section, an unincorporated nonprofit association shall not pay dividends or make distributions to a member or manager.
(b)An unincorporated nonprofit association may:
(1)Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;
(2)Confer benefits on a member or manager in conformity with its nonprofit purposes;
(3)Repurchase a membership and repay a capital contributions made by a member to the extent authorized by its governing principles; or
(4)Make distributions of property to members upon winding up and termination to the extent permitted by § 29-1125 .
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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.