§ 29-1001.04Title 29
Purpose and duration of limited cooperative association.
A limited cooperative association shall be an entity distinct from its members. A limited cooperative association may be organized for any lawful purpose, whether or not for profit. Unless the articles of organization state a term for a limited cooperative association’s existence, the association shall have perpetual duration.
Annotations
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720 Uniform Law: This section is based on § 105 of the Uniform Limited Cooperative Association Act. This section is referenced in § 29-1001.09.
Sourced from the DC Council Open Law Library (public domain).
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