Current through codified legislation effective September 18, 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.July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.