Purchase of memberships

  1. Law
  2. District of Columbia Code
  3. Business Organizations. [Enacted title]
  4. Nonprofit Corporations
  5. Memberships and Financial Provisions
  6. Resignation and Termination
  7. Purchase of memberships

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Except as otherwise provided in the articles of incorporation or bylaws, a membership corporation that is not a charitable corporation shall not purchase any of its memberships or any right arising therefrom.

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

Section References

This section is referenced in § 29-404.40, § 29-404.41, and § 29-408.22.


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