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2019 District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 10 - Limited Cooperative Associations.
Subchapter VIII - Directors and Officers.
§ 29–1008.02. No liability as director for limited cooperative association’s obligations.
Universal Citation:
DC Code § 29–1008.02 (2019)
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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.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
Editor's NotesUniform Law: This section is based on § 802 of the Uniform Limited Cooperative Association Act. Edition
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