District Of Columbia § 29-1012.05 - Voluntary dissolution by the board and members.
Full text of District Of Columbia D.C. Code § 29-1012.05 — Voluntary dissolution by the board and members., with citation guidance and answers to common questions.
§ 29-1012.05. Voluntary dissolution by the board and members.
29-1012.05Except as otherwise provided in , for a limited cooperative association to voluntarily dissolve:
A resolution to dissolve shall be approved by a majority vote of the board of directors unless a greater percentage is required by the organic rules;
The board of directors shall call a members meeting to consider the resolution, to be held not later than 90 days after adoption of the resolution; and
The board of directors shall mail or otherwise transmit or deliver to each member in a record that complies with :
The resolution required by paragraph (1) of this subsection;
A recommendation that the members vote in favor of the resolution or, if the board determines that because of conflict of interest or other special circumstances, it should not make a favorable recommendation, the basis of that determination; and
Notice of the members meeting, which shall be given in the same manner as notice of a special meeting of members.
Subject to subsection (c) of this section, a resolution to dissolve shall be approved by:
At least 2/3 of the voting power of members present at a members meeting called under subsection (a)(2) of this section; and
If the limited cooperative association has investor members, at least a majority of the votes cast by patron members, unless the organic rules require a greater percentage.
The organic rules may require that the percentage of votes under subsection (b)(1) of this section shall be:
A different percentage that is not less than a majority of members voting at the meeting; or
Measured against the voting power of all members; or
A combination of paragraphs (1) and (2) of this subsection.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-1012.05
What does D.C. Code § 29-1012.05 cover?
Section 29-1012.05 ("Voluntary dissolution by the board and members.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 29-1012.05?
A common citation format is "D.C. Code § 29-1012.05" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 29-1012.05 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.