District Of Columbia § 29-1012.06 - Winding up.
Full text of District Of Columbia D.C. Code § 29-1012.06 — Winding up., with citation guidance and answers to common questions.
§ 29-1012.06. Winding up.
29-1012.06A dissolved limited cooperative association shall wind up its activities and affairs, and except as provided in , continue after dissolution only for the purpose of winding up.
In winding up a limited cooperative association’s activities, the board of directors:
Shall discharge its liabilities, settle and close its activities, and marshal and distribute its assets; and
May:
Preserve the association or its property as a going concern for no more than a reasonable time;
Prosecute and defend actions and proceedings;
Settle disputes by mediation or arbitration;
Deliver to the Mayor for filing a statement of termination stating the name of the company and that the company is terminated;
Transfer the association’s property; and
Perform other acts necessary or appropriate to the winding up.
After dissolution and upon application of a limited cooperative association, a member, or a holder of financial rights, the Superior Court may order judicial supervision of the winding up of the association, including the appointment of a person to wind up the association’s activities, if:
After a reasonable time, the association has not wound up its activities; or
The applicant establishes other good cause.
If a person is appointed pursuant to subsection (c) of this section to wind up the activities of a limited cooperative association, the association shall promptly deliver to the Mayor for filing an amendment to the articles of organization to reflect the appointment.
Annotations
Application of Law 19-210: Section 7 of provided that the act shall apply as of January 1, 2012.
Uniform Law: This section is based on § 1206 of the Uniform Limited Cooperative Association Act.
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-1012.06
What does D.C. Code § 29-1012.06 cover?
Section 29-1012.06 ("Winding up.") 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 § 29-1012.06?
A common citation format is "D.C. Code § 29-1012.06" (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 § 29-1012.06 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.