Other considerations of directors

1. Law
2. District of Columbia Code
3. Business Organizations. [Enacted title]
4. Limited Cooperative Associations
5. Directors and Officers
6. Other considerations of directors

Unless the articles of organization otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long and short term interest of the association and its patron members, may consider:

(1) The interest of employees, customers, and suppliers of the association;

(2) The interest of the community in which the association operates; and

(3) Other cooperative principles and values that may be applied in the context of the decision.

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

Section References

This section is referenced in § 29-1001.09 and § 29-1008.18.

Editor's Notes

Uniform Law: This section is based on § 820 of the Uniform Limited Cooperative Association Act. Edition

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