Member approval of other disposition of assets

  1. Law
  2. District of Columbia Code
  3. Business Organizations. [Enacted title]
  4. Limited Cooperative Associations
  5. Disposition of Assets
  6. Member approval of other disposition of assets

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A sale, lease, exchange, license, or other disposition of assets of a limited cooperative association, other than a disposition described in § 29-1014.01, shall require approval of the association’s members under §§ 29-1014.03 and 29-1014.04 if the disposition leaves the association without significant continuing business activity.

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

Section References

This section is referenced in § 29-1014.01, § 29-1014.03, and § 29-1014.04.

Editor's Notes

Uniform Law: This section is based on § 1502 of the Uniform Limited Cooperative Association Act.


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