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Current as of January 01, 2024 | Updated by Findlaw Staff
A debt, obligation, or other liability of a limited cooperative association shall be solely that of the association and shall not be a debt, obligation, or liability of a director solely by reason of being a director. An individual shall not be personally liable, directly or indirectly, for an obligation of an association solely by reason of being a director.
Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 29-1008.02. No liability as director for limited cooperative association's obligations. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-29-1008-02/
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