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§ 29-1008-20 — 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. § 29-1008-20
District of Columbia Legal Code

§ 29-1008-20

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20. Other considerations of directors. Unless the articles of organization otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long and short term interest of the association and its patron members, may consider: (1) The interest of employees, customers, and suppliers of the association; (2) The interest of the community in which the association operates; and (3) Other cooperative principles and values that may be applied in the context of the decision. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.) Section References This section is referenced in § 29-1001.09 and § 29-1008.18. Editor's Notes Uniform Law: This section is based on § 820 of the Uniform Limited Cooperative Association Act. Edition