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§ 29-404-21 — District of Columbia Law | CourtGPT
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  4. Title 29 - Business Organizations. [Enacted Title]/
  5. Chapter 4 - Nonprofit Corporationssub/
  6. Subchapter IV - Memberships and Financial Provisions/
  7. Part C - Resignation and Termination§ 29–404.20. Resignation/
  8. § 29-404-21
District of Columbia Legal Code

§ 29-404-21

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21. Termination and suspension. (a) A membership in a membership corporation may be terminated or suspended for the reasons and in the manner provided in the articles of incorporation or bylaws. (b) A proceeding challenging a termination or suspension for any reason shall be commenced within one year after the effective date of the termination or suspension. (c) The termination or suspension of a member shall not relieve the member from any obligations incurred or commitments made prior to the termination or suspension. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.) Section References This section is referenced in § 29-408.22.