District Of Columbia § 29-934 - Dissolution; methods; vote required for approval; distribution of assets.
Full text of District Of Columbia D.C. Code § 29-934 — Dissolution; methods; vote required for approval; distribution of assets., with citation guidance and answers to common questions.
§ 29-934. Dissolution; methods; vote required for approval; distribution of assets.
29-934An association may, at any regular or special meeting legally called, be directed to dissolve by a vote of 2 /3 of the entire membership. By a vote of a majority of the members voting, 3 members shall be designated as trustees, who shall, on behalf of the association and within a time fixed in their designation or within any extension thereof, liquidate its assets, and shall distribute them in the manner set forth in this section. The association shall file a statement of dissolution with the Mayor. An action in the Superior Court for judicial dissolution of an association organized under this chapter may be instituted for the causes and prosecuted in the manner set forth in ; provided, that any distribution of assets shall be in the manner set forth in this section. In case of any dissolution of an association, its assets shall be distributed in the following manner and order:
Payment of its debts and expenses;
Returning to members the par value of their shares or of their membership certificates, return to the subscribers the amounts paid on their subscriptions, and returning to the patrons the amount of savings returns credited to their accounts toward the purchase of shares or membership certificates; and
Distribution of any surplus in either or both of the following ways as the articles may provide:
Among those patrons who have been members or subscribers at any time during the past 6 years, on the basis of their patronage during that period; or
As a gift to any consumers’ cooperative association or other nonprofit enterprise which may be designated in the articles.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-934
What does D.C. Code § 29-934 cover?
Section 29-934 ("Dissolution; methods; vote required for approval; distribution of assets.") 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 § 29-934?
A common citation format is "D.C. Code § 29-934" (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 § 29-934 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.