D.C. Code § 29-404.21

Current through codified legislation effective July 19, 2024
Section 29-404.21 - 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.

D.C. Code § 29-404.21

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.