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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) To form a limited cooperative association, an organizer of the association must deliver articles of organization to the Mayor for filing. The articles shall state:
(1) The name of the association, which shall comply with §§ 29-103.01 and 29-103.02(h);
(2) The purposes for which the association is formed;
(3) The street address and, if different, mailing address of the association's initial principal office and the information required by § 29-104.04;
(4) The name and street address and, if different, mailing address of each organizer; and
(5) The term for which the association is to exist if other than perpetual.
(b) Subject to § 29-1001.09(a), articles of organization may contain any other provisions in addition to those required by subsection (a) of this section.
(c) A limited cooperative association shall be formed after articles of organization that substantially comply with subsection (a) of this section are delivered to the Mayor, are filed, and become effective under § 29-102.03.
(d) If articles of organization filed by the Mayor state a delayed effective date, a limited cooperative association shall not be formed if, before the articles take effect, an organizer signs and delivers to the Mayor for filing a statement of cancellation.
Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 29-1003.02. Formation of limited cooperative association; articles of organization. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-29-1003-02/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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