Purpose and duration of limited cooperative association
Known as the Uniform Limited Cooperative Association Act
The act spans §§ 29–29 (119 sections).
July 2, 2011, D.C
(a) A limited cooperative association shall be an entity distinct from its members.
(b) A limited cooperative association may be organized for any lawful purpose, whether or not for profit.
(c) Unless the articles of organization state a term for a limited cooperative association’s existence, the association shall have perpetual duration.
Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.