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§ 29-1008-17 — District of Columbia Law | CourtGPT
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  2. Laws/
  3. District of Columbia/
  4. Title 29 - Business Organizations. [Enacted Title]/
  5. Chapter 10 - Limited Cooperative Associationssub/
  6. Subchapter VIII - Directors and Officers§ 29–1008.01. Board of Directors/
  7. § 29-1008-17
District of Columbia Legal Code

§ 29-1008-17

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17. Committees. (a) Unless the organic rules otherwise provide, a board of directors may create one or more committees and appoint one or more individuals to serve on a committee. (b) Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a limited cooperative association need not be a director or member. (c) An individual who is not a director and is serving on a committee shall have the same rights, duties, and obligations as a director serving on the committee. (d) Unless the organic rules otherwise provide each committee of a limited cooperative association may exercise the powers delegated to it by the board of directors, but a committee shall not: (1) Approve allocations or distributions except according to a formula or method prescribed by the board of directors; (2) Approve or propose to members action requiring approval of members; or (3) Fill vacancies on the board of directors or any of its committees. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.) Section References This section is referenced in § 29-1001.09, § 29-1008.10, and § 29-1008.21.

s on the board of directors or any of its committees. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.) Section References This section is referenced in § 29-1001.09, § 29-1008.10, and § 29-1008.21. Editor's Notes Uniform Law: This section is based on § 817 of the Uniform Limited Cooperative Association Act. Edition