Home/DC Code/§ 29-404.21
§ 29-404.21Title 29

Termination and suspension.

A membership in a membership corporation may be terminated or suspended for the reasons and in the manner provided in the articles of incorporation or bylaws. A proceeding challenging a termination or suspension for any reason shall be commenced within one year after the effective date of the termination or suspension. The termination or suspension of a member shall not relieve the member from any obligations incurred or commitments made prior to the termination or suspension.

Annotations

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
This section is referenced in § 29-408.22.
Source XML

Sourced from the DC Council Open Law Library (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.