Business transactions of member with limited cooperative association

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

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Subject to §§ 29-1008.18 and 29-1008.19 and except as otherwise provided in the organic rules or a specific contract relating to a transaction, a member may lend money to and do other business with a limited cooperative association in the same manner as a person that is not a member.

(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 § 115 of the Uniform Limited Cooperative Association Act.


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