District of Columbia § 29-928 Share and membership certificates — Exemption for attachment, execution and garnishment.

District of Columbia Statutes

§ 29-928 — Share and membership certificates — Exemption for attachment, execution and garnishment.

District of Columbia § 29-928

Title 29Business Organizations. [Enacted title]

Ch. 9General Cooperative Associations.

This text of District of Columbia § 29-928 (Share and membership certificates — Exemption for attachment, execution and garnishment.) 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 § 29-928 (2026).

Text

The holdings of any member of an association, to the extent of the minimum amount necessary for membership, but not to exceed $500, shall be exempt from attachment, execution, or garnishment for the debts of the owner. If any holdings in excess of this amount are subjected to such liability, the directors of the association may either admit the purchaser thereof to membership or may purchase from the purchaser the holdings at par value.

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The holdings of any member of an association, to the extent of the minimum amount necessary for membership, but not to exceed $500, shall be exempt from attachment, execution, or garnishment for the debts of the owner. If any holdings in excess of this amount are subjected to such liability, the directors of the association may either admit the purchaser thereof to membership or may purchase from the purchaser the holdings at par value.