Purpose and duration of limited cooperative association

  1. Law
  2. District of Columbia Code
  3. Business Organizations. [Enacted title]
  4. Limited Cooperative Associations
  5. General Provisions
  6. Purpose and duration of limited cooperative association

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(a) A limited cooperative association shall be an entity distinct from its members.

(b) A limited cooperative association may be organized for any lawful purpose, whether or not for profit.

(c) Unless the articles of organization state a term for a limited cooperative association’s existence, the association shall have perpetual duration.

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

Section References

This section is referenced in § 29-1001.09.

Editor's Notes

Uniform Law: This section is based on § 105 of the Uniform Limited Cooperative Association Act.


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