D.C. Code § 29-1006.02

Patron and investor members’ interests

Known as the Uniform Limited Cooperative Association Act

The act spans §§ 29–29 (119 sections).

July 2, 2011, D.C

(a) Unless the organic rules establish investor members’ interests, a member’s interest shall be a patron member’s interest.

(b) Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person, if admitted as:

(1) A patron member, shall remain a patron member;

(2) An investor member, shall remain an investor member; and

(3) A patron member and investor member, shall remain a patron and investor member if not dissociated in one of the capacities.

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.