LegalFix
Sign In

§ 29–1014.02. Member approval of other disposition of assets.

DC Code § 29–1014.02 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.)

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

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

Previous Section
§ 29–1014.01. Disposition of assets not requiring member approval.
Next Section
§ 29–1014.03. Notice and action on disposition of assets.