Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 29 - BUSINESS ORGANIZATIONSChapter 4 - NONPROFIT CORPORATIONSSubchapter IV - MEMBERSHIPS AND FINANCIAL PROVISIONS
Part C - RESIGNATION AND TERMINATION
Section 29-404.22 - Purchase of memberships

D.C. Code § 29-404.22

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Current through codified legislation effective July 19, 2024
Section 29-404.22 - Purchase of memberships

Except as otherwise provided in the articles of incorporation or bylaws, a membership corporation that is not a charitable corporation shall not purchase any of its memberships or any right arising therefrom.

D.C. Code § 29-404.22

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