reglab/housing_qa huggingface dataset:
DC Code § 29-514 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 5 - Professional Corporations|§ 29-514. Disposition of stock of disqualified, deceased, or legally incompetent shareholder

(a) Subject to the limitations of this section, a disqualified shareholder and personal representatives, legatees, or heirs of a deceased or legally incompetent shareholder may continue to own shares of a professional corporation, but shall not participate in any decision concerning the rendering of professional services by the corporation. The articles of incorporation, bylaws, or an agreement among the shareholders of a professional corporation may provide, consistent with this section, for the disposition of shares of a disqualified, deceased, or legally incompetent shareholder. (b) The articles of incorporation, bylaws, or an agreement among shareholders may provide that, within 90 days, or any earlier date, after the date a shareholder becomes a disqualified shareholder, the disqualified shareholder shall sell and surrender, and the corporation or any individuals qualified to be shareholders shall purchase and receive, the shareholder’s shares of stock of the corporation. In the absence of such a provision, the disqualified shareholder shall sell and surrender, and the corporation shall purchase and receive, the shareholder’s shares of stock of the corporation within 30 days after the date the shareholder becomes a disqualified shareholder. Unless otherwise provided by the articles of incorporation, bylaws, or an agreement among the shareholders, payment for the shares of stock purchased pursuant to this subsection shall be made in full no later than 6 months after the expiration of the period by which the purchases must be made. (c) The articles of incorporation, bylaws, or an agreement among shareholders may provide that, within one year, or any earlier date, after the date of death of a shareholder, the shareholder’s personal representative, legatees, or heirs shall sell and surrender, and the corporation or any individuals qualified to be shareholders shall purchase and receive, the shares of stock of the corporation owned by the deceased shareholder. In the absence of such a provision, the personal representatives, legatees, or heirs shall sell and surrender, and the corporation shall purchase and receive, the shares of stock of the corporation within 180 days after the date of death of the shareholder. Unless otherwise provided by the articles of incorporation, bylaws, or an agreement among the shareholders, payment for the shares of stock purchased pursuant to this subsection shall be made in full no later than one year after the date of death of the shareholder.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Prior Codifications 2001 Ed., § 29-416. 1981 Ed., § 29-616. 1973 Ed., § 29-1116. Section References This section is referenced in § 29-513.
DC Code § 29-515 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 5 - Professional Corporations|§ 29-515. Redemption price

If the articles of incorporation, bylaws, or an agreement among the shareholders, does not fix the price at which the corporation or its shareholders may purchase the shares of a disqualified, deceased, legally incompetent, retired, or expelled shareholder, or does not provide a method of determining such price, the price for such shares shall be the book value of the shares on the last day of the month immediately preceding the disqualification, death, adjudication of incompetence, retirement, or expulsion of the shareholder, determined under generally accepted accounting methods, consistent with the method of accounting used by the corporation for federal income tax purposes, by an independent certified public accountant employed by the corporation for the purpose.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Prior Codifications 2001 Ed., § 29-417. 1981 Ed., § 29-617. 1973 Ed., § 29-1117.
DC Code § 29-516 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 5 - Professional Corporations|§ 29-516. Perpetual duration; dissolution

(a) A professional corporation shall have perpetual duration, except that whenever all shareholders of a professional corporation cease at any time for any reason to be licensed to perform the professional services for which the corporation was organized, the professional corporation shall be treated as having converted into a corporation organized under Chapter 3 of this title. (b) Articles of conversion shall be delivered to the Mayor for filing and meet the requirements of § 29-204.05. (c) Dissolution by a professional corporation shall meet the requirements of § 29-312.03.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(e)(2), 59 DCR 13171.)  Prior Codifications 2001 Ed., § 29-418. 1981 Ed., § 29-618. 1973 Ed., § 29-1118. Effect of Amendments The 2013 amendment by D.C. Law 19-210 rewrote the section. Editor's Notes Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-901 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-901. Short title

This chapter may be cited as the “General Cooperative Association Act of 2010”.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Section References This section is referenced in § 42-3401.03. Cross References Homestead housing preparation program, “condominium or unit owners association” defined, see § 42-2103. Rental housing conversions and sales, “cooperative” and “Cooperative Act” defined, see § 42-3401.03.
DC Code § 29-902 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-902. Definitions

For the purposes of this chapter, the term: (1) “Articles” means the articles of incorporation referred to in § 29-906. (2) “Association” means a group enterprise incorporated under this chapter. An association shall be treated as a nonprofit corporation for purposes of taxation or securities regulation under the law of the District. (3) “Cooperative basis” as applied to any incorporated or unincorporated group referred to in §§ 29-905(7), 29-913, 29-923, 29-935, and 29-936 means that: (A) Each member has one vote only, except as may be altered in the articles or bylaws by provision for: (i) Voting by member organizations; or (ii) Allocation of votes in a cooperative housing association proportionate to the share of ownership in the association or on the basis of one vote for each unit; (B) The maximum rate at which any return is paid on share or membership capital is limited to not more than 8% per annum; and (C) The net savings after payment, if any, of this limited return on capital and after making provision for such separate funds as may be required or specifically permitted by statute, articles, or bylaws, or allocated or distributed to member patrons, or to all patrons, in proportion to their patronage, be retained by the enterprise, for the actual or potential expansion of its services or the reduction of its charges to the patrons or for other purposes not inconsistent with its nonprofit character. (4) “Member” means a member in a nonshare association or share association. (5) “Net savings” means the total income of an association minus the costs of operation. (6) “Savings returns” means the amount returned to the patrons in proportion to their patronage or otherwise in accordance with § 29-931.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
DC Code § 29-903 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-903. Incorporators

Any 5 or more natural persons or 2 or more associations may incorporate in the District under this chapter.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Prior Codifications 2001 Ed., § 29-902. 1981 Ed., § 29-1102. 1973 Ed., § 29-802.
DC Code § 29-904 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-904. Purposes for incorporation

An association may be incorporated under this chapter to engage in any one or more lawful mode or modes of acquiring, producing, building, operating, manufacturing, furnishing, exchanging, or distributing any type or types of property, commodities, goods, or services for the primary and mutual benefit of the patrons of the association, or their patrons, if any, as ultimate consumers.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Prior Codifications 2001 Ed., § 29-903. 1981 Ed., § 29-1103. 1973 Ed., § 29-803.
DC Code § 29-905 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-905. Powers of association

An association shall have the capacity to act possessed by individuals and the authority to do anything required or permitted by this chapter. In addition, an association has the power to: (1) Continue as a corporation for the time specified in its articles; (2) Have a corporate seal and to alter the same at pleasure; (3) Sue and be sued in its corporate name; (4) Make bylaws for the government and regulation of its affairs; (5) Acquire, own, hold, sell, lease, pledge, mortgage, or otherwise dispose of any property incident to its purposes and activities and affairs; (6)(A) Own and hold: (i) Membership in, and share capital, of other associations and any other corporations; (ii) Any types of bonds or other obligations; and (B) While the owner of the items set forth in subparagraph (A) of this paragraph, to exercise all the rights of ownership; (7) Borrow money, contract debts, and make contracts, including agreements of mutual aid or federation with other associations, other groups organized on a cooperative basis, and other nonprofit groups; (8) Conduct its affairs within or without the District; (9) Exercise, in addition, any power granted to ordinary business corporations, except those powers inconsistent with this chapter; and (10) Exercise all powers not inconsistent with this chapter which may be necessary, convenient, or expedient for the accomplishment of its purposes.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(i)(2), 59 DCR 13171.)  Prior Codifications 2001 Ed., § 29-904. 1981 Ed., § 29-1104. 1973 Ed., § 29-804. Section References This section is referenced in § 29-902. Effect of Amendments The 2013 amendment by D.C. Law 19-210 substituted “activities and affairs” for “activities” in (5). Editor's Notes Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-906 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-906. Articles of incorporation — Contents

(a) Articles of incorporation shall be signed by each of the incorporators and acknowledged by at least 3 of them if individuals, and by the presidents and secretaries, if associations, before an officer authorized to take acknowledgments. (b) Within the limitations of this chapter, the articles shall contain: (1) A statement as to the purpose or purposes for which the association is formed; (2) The name of the association; (3) The term of existence of the association, which may be perpetual; (4) The location and address of the principal office of the association; (5) The information required by § 29-104.04; (6) The names and addresses of the incorporators of the association; (7) The names and addresses of the directors who will manage the affairs of the association for the first year, unless sooner changed by the members; (8) A statement of whether the association is organized with or without shares, and the number of shares or memberships subscribed for; (9) If organized with shares, a statement of the amount of authorized capital, the number and types of shares and the par value thereof (which may be placed at any figure), and the rights, preferences, and restrictions of each type of share; (10)(A) The minimum number or value of shares which must be owned to qualify for membership; and (B) If organized without shares, a statement of whether the property rights of members must be equal or unequal, and if unequal, the rule by which their rights shall be determined; (11) The maximum amount or percentage of capital which may be owned or controlled by any member, including a statement of whether or not each member is limited to a single share, and whether such single shares are of various par values; and (12) The method by which any surplus, upon dissolution of the association, is distributed, in conformity with the requirements of § 29-934 for division of the surplus. (c) The articles may also contain any other provisions, not inconsistent with law or with this chapter, for the conduct of the association’s affairs.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Prior Codifications 2001 Ed., § 29-905. 1981 Ed., § 29-1105. 1973 Ed., § 29-805. Section References This section is referenced in § 29-101.06 and § 29-902.
DC Code § 29-907 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-907. Articles of incorporation — Amendments; vote required for proposal and approval of amendments

(a) Amendments to the articles may be proposed by a 2/3 vote of the board of directors or by petition of 10% of the association’s members. The secretary shall send notice of the meeting to consider an amendment at least 30 days in advance to each member at the member’s last known address, accompanied by the full text of the proposal and by that part of the articles to be amended. Two-thirds of the members voting may adopt the amendment and when verified by the president and secretary, it shall be filed and recorded with the Mayor within 30 days of its adoption, and a fee established by the Mayor by rule shall be paid. (b) If the amendment is to alter the preferences of outstanding shares of any type, or to authorize the issuance of shares having preferences superior to outstanding shares of any type, the vote of 2/3 of the members owning such outstanding shares affected by the change shall also be required for the adoption of the amendment. If the amendment is to alter the rule by which members’ property rights in a nonshare association are determined, a vote of 2/3 of the entire membership shall be required. (c) The amount of capital and the number and par value of shares may be diminished or increased by amendment of the articles, but the capital shall not be diminished below the amount of paid-up capital existing at the time of amendment.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Prior Codifications 2001 Ed., § 29-907. 1981 Ed., § 29-1107. 1973 Ed., § 29-807.
DC Code § 29-908 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-908. Bylaws; adoption, amendment, or repeal

Bylaws shall be adopted, amended, or repealed by at least a majority vote of the members voting.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Prior Codifications 2001 Ed., § 29-908. 1981 Ed., § 29-1108. 1973 Ed., § 29-808.
DC Code § 29-909 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-909. Bylaws — Contents

The bylaws may, within the limitations of this chapter, provide for the: (1) Method and terms of admission to membership and the disposal of members’ interests on cessation of membership for any reason; (2) Time, place, and manner of calling and conducting meetings; (3) Number or percentage of the members constituting a quorum; (4)(A) Number, qualifications, powers, duties, term of office, and manner, time, and vote for election, of directors and officers; and (B) Division or classification, if any, of directors to provide for rotating or overlapping terms; (5) Compensation, if any, of the directors, and the number of directors necessary to constitute a quorum; (6) Method of distributing the net savings; or (7) Various discretionary provisions of this chapter as well as other provisions incident to the purposes and activities and affairs of the association.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(i)(3), 59 DCR 13171.)  Prior Codifications 2001 Ed., § 29-909. 1981 Ed., § 29-1109. 1973 Ed., § 29-809. Effect of Amendments The 2013 amendment by D.C. Law 19-210 substituted “activities and affairs” for “activities” in (7). Editor's Notes Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-910 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-910. Meetings; regular and special

 *NOTE: This section includes amendments by temporary legislation that will expire on February 4, 2022. To view the text of this section after the expiration of all emergency and temporary legislation, click this link: Permanent Version.*  Regular meetings of members shall be held as prescribed in the bylaws, but shall be held at least once a year. Special meetings may be demanded by a majority vote of the directors or by written petition of at least 10% of the membership, in which case it shall be the duty of the secretary to call such meeting to take place within 30 days after the demand. Regular or special meetings, including meetings by units as hereinafter provided, may be held inside or outside the District as the articles may prescribe. Regardless of whether remote regular and special meetings of members are authorized by the articles or bylaws, members may participate in regular and special meetings of members remotely in accordance with § 29-305.09.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(i)(4), 59 DCR 13171; June 24, 2021, D.C. Law 24-9, § 407(c), 68 DCR 004824.)  Prior Codifications 2001 Ed., § 29-910. 1981 Ed., § 29-1110. 1973 Ed., § 29-810. Effect of Amendments The 2013 amendment by D.C. Law 19-210 added the last sentence. Emergency Legislation  For temporary (90 days) amendment of this section, see Title 29(c) of Coronavirus Support Congressional Review Emergency Amendment Act of 2021 (D.C. Act 24-96, June 7, 2021, 68 DCR 006025).   For temporary (90 days) amendment of this section, see § 407(b) of Coronavirus Support Emergency Amendment Act of 2021 (D.C. Act 24-30, Mar. 17, 2021, 68 DCR 003101).   For temporary (90 days) amendment of this section, see § 407(b) of Coronavirus Support Second Congressional Review Emergency Amendment Act of 2020 (D.C. Act 23-405, Aug. 19, 2020, 67 DCR 10235).   For temporary (90 days) amendment of this section, see § 407(b) of Coronavirus Support Congressional Review Emergency Amendment Act of 2020 (D.C. Act 23-328, June 8, 2020, 67 DCR 7598).   For temporary (90 days) amendment of this section, see § 407(b) of Coronavirus Support Emergency Amendment Act of 2020 (D.C. Act 23-326, May 27, 2020, 67 DCR 7045).  Temporary Legislation  For temporary (225 days) amendment of this section, see § 407(c) of Coronavirus Support Temporary Amendment Act of 2021 (D.C. Law 24-9, June 24, 2021, 68 DCR 004824).   For temporary (225 days) amendment of this section, see § 407(b) of Coronavirus Support Temporary Amendment Act of 2020 (D.C. Law 23-130, Oct. 9, 2020, 67 DCR 8622).  Editor's Notes Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-911 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-911. Meetings; regular and special — Notice

The secretary shall give notice of the time and place of meetings by sending a notice thereof to each member at the member’s last known address not less than the number of days in advance of the meeting specified in the bylaws. In case of a special meeting, the notice shall specify the purpose for which the meeting is called. If authorized by the articles or bylaws, the notice may be sent by electronic mail in accordance with § 29-305.09.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(i)(5), 59 DCR 13171.)  Prior Codifications 2001 Ed., § 29-911. 1981 Ed., § 29-1111. 1973 Ed., § 29-811. Effect of Amendments The 2013 amendment by D.C. Law 19-210 added the last sentence. Editor's Notes Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-912 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-912. Meetings; regular and special — Units of membership

The articles or bylaws may provide for the holding of meetings by units of the membership and may provide for a method of transmitting the votes there cast to the central meeting, or for a method of representation by the election of delegates to the central meeting, or for a combination of both of these methods. If authorized by the articles or the bylaws, members may participate in such meetings remotely in accordance with § 29-305.09.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(i)(6), 59 DCR 13171.)  Prior Codifications 2001 Ed., § 29-912. 1981 Ed., § 29-1112. 1973 Ed., § 29-812. Effect of Amendments The 2013 amendment by D.C. Law 19-210 added the last sentence. Editor's Notes Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-913 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-913. Voting — Number permitted by each member

(a) Each member of an association shall have only one vote, except as may be altered in the articles or bylaws for: (1) Voting by member organizations; or (2) Allocation of votes in a cooperative housing association proportionate to the share of ownership in the association or on the basis of one vote for each unit. (b) A voting agreement or other device to evade the requirements of this section shall not be enforceable.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Prior Codifications 2001 Ed., § 29-913. 1981 Ed., § 29-1113. 1973 Ed., § 29-813. Section References This section is referenced in § 29-902 and § 29-925.
DC Code § 29-914 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 9 - General Cooperative Associations|§ 29-914. Voting — Proxy prohibited

A member shall not vote by proxy.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Prior Codifications 2001 Ed., § 29-914. 1981 Ed., § 29-1114. 1973 Ed., § 29-814. Section References This section is referenced in § 29-925.