2019 District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 9 - General Cooperative Associations.
§ 29–930. Expulsion of members; procedure; purchase of holdings.

Universal Citation:
DC Code § 29–930 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

A member may be expelled by the vote of a majority of the members voting at a regular or special meeting. The member against whom the charges are to be preferred shall be informed thereof in writing at least 10 days in advance of the meeting and shall have an opportunity to be heard in person or by counsel at the meeting. On the decision of the association to expel a member, the board of directors shall purchase the member’s holdings at par value, if and when there are sufficient reserve funds.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

Prior Codifications

2001 Ed., § 29-930.

1981 Ed., § 29-1130.

1973 Ed., § 29-830.

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