(a) Unless the organic rules otherwise provide, a board of directors may create one or more committees and appoint one or more individuals to serve on a committee.
(b) Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a limited cooperative association need not be a director or member.
(c) An individual who is not a director and is serving on a committee shall have the same rights, duties, and obligations as a director serving on the committee.
(d) Unless the organic rules otherwise provide each committee of a limited cooperative association may exercise the powers delegated to it by the board of directors, but a committee shall not:
(1) Approve allocations or distributions except according to a formula or method prescribed by the board of directors;
(2) Approve or propose to members action requiring approval of members; or
(3) Fill vacancies on the board of directors or any of its committees.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
Section ReferencesThis section is referenced in § 29-1001.09, § 29-1008.10, and § 29-1008.21.
Editor's NotesUniform Law: This section is based on § 817 of the Uniform Limited Cooperative Association Act. Edition