reglab/housing_qa huggingface dataset:
DC Code § 29-1012.09 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XII - Dissolution|§ 29-1012.09. Other claims against dissolved limited cooperative association

(a) A dissolved limited cooperative association may publish notice of its dissolution and request persons having claims against the association to present them in accordance with the notice. (b) A notice under subsection (a) of this section shall: (1) Be published at least once in a newspaper of general circulation in the District or, if the association does not have a principal office in the District, in the state and county in which the association’s principal office is or was last located; (2) Describe the information required to be contained in a claim and provide an address to which the claim is to be sent; and (3) State that a claim against the association is barred unless an action to enforce the claim is commenced not later than 3 years after publication of the notice. (c) If a dissolved limited cooperative association publishes a notice in accordance with subsection (b) of this section, the claim of each of the following claimants shall be barred unless the claimant commences an action to enforce the claim not later than 3 years after the first publication date of the notice: (1) A claimant that did not receive, notice in a record under § 29-1012.08; (2) A claimant whose claim is contingent or based on an event occurring after the effective date of dissolution; and (3) A claimant whose claim was timely sent to the company but not acted on. (d) A claim not barred under this section or § 29-1012.08 may be enforced: (1) Against a dissolved limited cooperative association, to the extent of its undistributed assets; or (2) If, except as otherwise provided in § 29-1012.10, the assets of the association have been distributed after dissolution against a member or holder of financial rights to the extent of that person’s proportionate share of the claim or the assets distributed to the person after dissolution, whichever is less; however, a person’s total liability for all claims under this paragraph may not exceed the total amount of assets distributed to the person after dissolution.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(j)(8)(D), 59 DCR 13171.)  Section References This section is referenced in § 29-1012.10. Effect of Amendments The 2013 amendment by D.C. Law 19-210 rewrote (c) and (d). Editor's Notes Uniform Law: This section is based on § 1209 of the Uniform Limited Cooperative Association Act. 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 § 29-1012.10 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XII - Dissolution|§ 29-1012.10. Court proceedings

(a) Upon application by a dissolved limited cooperative association that has published a notice under § 29-1012.09, the Superior Court may determine the amount and form of security to be provided for payment of claims against the association that are contingent, have not been made known to the association, or are based on an event occurring after the effective date of dissolution, but that, based on the facts known to the association, are reasonably anticipated to arise after the effective date of dissolution. The court need not require security for any claim that is barred under § 29-1012.08 or § 29-1012.09 or that is reasonably anticipated to be barred under that section. (b) Not later than 10 days after filing an application under subsection (a) of this section, a dissolved limited cooperative association shall give notice of the proceeding to each known claimant holding a contingent claim as shown on the records of the dissolved association. (c) The Superior Court may appoint a representative in a proceeding brought under this section to represent all claimants whose identities are unknown. The dissolved limited cooperative association shall pay reasonable fees and expenses of the representative, including all reasonable attorneys’ and expert witness fees. (d) Provision by the dissolved limited cooperative association for security in the amount and the form ordered by the Superior Court shall satisfy the association’s obligations with respect to claims that are contingent, have not been made known to the association, or are based on an event occurring after the effective date of dissolution. The association’s obligations with respect to claims that are contingent may not be enforced against a member or holder of financial rights that received assets in liquidation.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(j)(8)(E), 59 DCR 13171.)  Section References This section is referenced in § 29-1010.07 and § 29-1012.09. Effect of Amendments The 2013 amendment by D.C. Law 19-210 substituted “Court proceedings” for “Judicial proceeding” in the section heading; added the second sentence of (a); added “as shown on the records of the dissolved association” at the end of (b); and substituted a closing period and “The association’s obligations with respect to claims that are contingent may not be enforced against a member or holder of financial rights that received assets in liquidation” for “and the claims shall not be enforced against a member that received a distribution” in (d). Editor's Notes Uniform Law: This section is based on § 1210 of the Uniform Limited Cooperative Association Act. 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 § 29-1012.11 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XII - Dissolution|§ 29-1012.11. Statement of dissolution

(a) A limited cooperative association that has dissolved or is about to dissolve may deliver to the Mayor for filing a statement of dissolution that states: (1) The name of the association; (2) The date the association dissolved or will dissolve; and (3) Any other information the association considers relevant. (b) A person shall have notice of a limited cooperative association’s dissolution on the later of: (1) Ninety days after a statement of dissolution is filed; or (2) The effective date stated in the statement of dissolution.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Editor's Notes Uniform Law: This section is based on § 1214 of the Uniform Limited Cooperative Association Act.
DC Code § 29-1012.12 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XII - Dissolution|§ 29-1012.12. Statement of termination

(a) A dissolved limited cooperative association that has completed winding up may deliver to the Mayor for filing a statement of termination that states: (1) The name of the association; (2) The date of filing of its initial articles of organization; and (3) That the association is terminated. (b) The filing of a statement of termination shall not itself terminate the limited cooperative association.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Editor's Notes Uniform Law: This section is based on § 1215 of the Uniform Limited Cooperative Association Act.
DC Code § 29-1012.13 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XII - Dissolution|§ 29-1012.13. Rescinding dissolution

(a) A limited cooperative association may rescind its dissolution, unless a statement of termination applicable to the association is effective, the Superior Court has entered an order under § 29-1012.03 dissolving the association, or the Mayor has dissolved the association under § 29-106.02. (b) Rescinding dissolution under this section requires: (1) The consent of each member; (2) If a statement of dissolution applicable to the limited cooperative association has been filed by the Mayor but has not become effective, the delivery to the Mayor for filing of a statement of withdrawal applicable to the statement of dissolution; and (3) If a statement of dissolution applicable to the limited cooperative association is effective, the delivery to the Mayor for filing of a statement of correction under § 29-102.05 stating that dissolution has been rescinded under this section. (c) If a limited cooperative association rescinds its dissolution: (1) The association resumes carrying on its activities and affairs as if dissolution had never occurred; (2) Subject to paragraph (3) of this subsection, any liability incurred by the association after the dissolution and before the rescission is effective is determined as if dissolution had never occurred; and (3) The rights of a third party arising out of conduct in reliance on the dissolution before the third party knew or had notice of the rescission may not be adversely affected.  (Mar. 5, 2013, D.C. Law 19-210, § 2(j)(8)(F), 59 DCR 13171.)  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 § 29-1013.01 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XIII - Action by Member|§ 29-1013.01. Derivative action

A member may maintain a derivative action in the Superior Court to enforce a right of a limited cooperative association if: (1) The member demands that the association bring an action to enforce the right; and (2) Any of the following occur: (A) The association does not, within 90 days after the member makes the demand, agree to bring the action; (B) The association notifies the member that it has rejected the demand; (C) Irreparable harm to the association would result by waiting 90 days after the member makes the demand; (D) The association agrees to bring an action demanded and fails to bring the action within a reasonable time; or (E) A demand under paragraph (1) of this subsection would be futile.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(j)(9)(A), 59 DCR 13171.)  Section References This section is referenced in § 29-1013.03. Effect of Amendments The 2013 amendment by D.C. Law 19-210 added (2)(E) and made related changes. Editor's Notes Uniform Law: This section is based on § 1301 of the Uniform Limited Cooperative Association Act. 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 § 29-1013.02 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XIII - Action by Member|§ 29-1013.02. Proper plaintiff

(a) A derivative action to enforce a right of a limited cooperative association shall be maintained only by a person that: (1) Is a member or a dissociated member at the time the action is commenced and: (A) Was a member when the conduct giving rise to the action occurred; or (B) Whose status as a member devolved upon the person by operation of law or the organic rules from a person that was a member at the time of the conduct; and (2) Adequately represents the interests of the association. (b) If the sole plaintiff in a derivative action dies while the action is pending, the Superior Court may permit another member who meets the requirements of subsection (a) of this section to be substituted as plaintiff.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Editor's Notes Uniform Law: This section is based on § 1302 of the Uniform Limited Cooperative Association Act.
DC Code § 29-1013.03 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XIII - Action by Member|§ 29-1013.03. Pleading

In a derivative action to enforce a right of a limited cooperative association, the complaint shall state: (1) The date and content of the plaintiff’s demand under § 29-1013.01(1) and the association’s response; (2) If 90 days have not expired since the demand, how irreparable harm to the association would result by waiting for the expiration of 90 days; (3) If the association agreed to bring an action demanded, that the action has not been brought within a reasonable time; and (4) If the demand should be excused as futile, the reasons therefor.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(j)(9)(B), 59 DCR 13171.)  Effect of Amendments The 2013 amendment by D.C. Law 19-210 added (4) and made related changes. Editor's Notes Uniform Law: This section is based on § 1303 of the Uniform Limited Cooperative Association Act. 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 § 29-1013.04 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XIII - Action by Member|§ 29-1013.04. Approval for discontinuance or settlement

A derivative action to enforce a right of a limited cooperative association shall not be discontinued or settled without the Superior Court’s approval.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Editor's Notes Uniform Law: This section is based on § 1304 of the Uniform Limited Cooperative Association Act.
DC Code § 29-1013.05 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XIII - Action by Member|§ 29-1013.05. Proceeds and expenses

(a) Except as otherwise provided in subsection (b) of this section: (1) Any proceeds or other benefits of a derivative action to enforce a right of a limited cooperative association, whether by judgment, compromise, or settlement, belong to the association and not to the plaintiff; and (2) If the plaintiff in the derivative action receives any proceeds, the plaintiff shall immediately remit them to the association. (b) If a derivative action to enforce a right of a limited cooperative association is successful in whole or in part, the Superior Court may award the plaintiff reasonable expenses, including reasonable attorneys’ fees and costs, from the recovery of the association.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Editor's Notes Uniform Law: This section is based on § 1305 of the Uniform Limited Cooperative Association Act.
DC Code § 29-1013.06 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XIII - Action by Member|§ 29-1013.06. Special litigation committee

(a) If a limited cooperative association is named as or made a party in a derivative proceeding, the association may appoint a special litigation committee to investigate the claims asserted in the proceeding and determine whether pursuing the action is in the best interests of the company. If the association appoints a special litigation committee, on motion by the committee made in the name of the association, except for good cause shown, the court shall stay discovery for the time reasonably necessary to permit the committee to complete its investigation. This subsection does not prevent the court from enforcing a person’s right to information under § 29-1005.05 or, for good cause shown, granting extraordinary relief in the form of a temporary restraining order or preliminary injunction. (b) A special litigation committee may be composed of one or more disinterested and independent individuals, who may be members. (c) A special litigation committee may be appointed: (1) By a majority of the directors not named as defendants or plaintiffs in the proceeding; and (2) If all directors are named as defendants or plaintiffs in the proceeding, by a majority of the directors named as defendants. (d) After appropriate investigation, a special litigation committee may determine that it is in the best interests of the limited cooperative association that the proceeding: (1) Continue under the control of the plaintiff; (2) Continue under the control of the committee; (3) Be settled on terms approved by the committee; or (4) Be dismissed. (e) After making a determination under subsection (d) of this section, a special litigation committee shall file with the court a statement of its determination and its report supporting its determination and shall serve each party with a copy of the determination and report. The court shall determine whether the members of the committee were disinterested and independent and whether the committee conducted its investigation and made its recommendation in good faith, independently, and with reasonable care, with the committee having the burden of proof. If the court finds that the members of the committee were disinterested and independent and that the committee acted in good faith, independently, and with reasonable care, the court shall enforce the determination of the committee. Otherwise, the court shall dissolve the stay of discovery entered under subsection (a) of this section and allow the action to proceed under the direction of the plaintiff.  (Mar. 5, 2013, D.C. Law 19-210, § 2(j)(9)(C), 59 DCR 13171.)  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 § 29-1014.01 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XIV - Disposition of Assets|§ 29-1014.01. Disposition of assets not requiring member approval

Unless the articles of organization otherwise provide, member approval under § 29-1014.02 shall not be required for a limited cooperative association to: (1) Sell, lease, exchange, license, or otherwise dispose of all or any part of the assets of the association in the usual and regular course of business; or (2) Mortgage, pledge, dedicate to the repayment of indebtedness, or encumber in any way all or any part of the assets of the association whether or not in the usual and regular course of business.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Section References This section is referenced in § 29-1001.09 and § 29-1014.02. Editor's Notes Uniform Law: This section is based on § 1501 of the Uniform Limited Cooperative Association Act.
DC Code § 29-1014.02 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XIV - Disposition of Assets|§ 29-1014.02. Member approval of other disposition of assets

A sale, lease, exchange, license, or other disposition of assets of a limited cooperative association, other than a disposition described in § 29-1014.01, shall require approval of the association’s members under §§ 29-1014.03 and 29-1014.04 if the disposition leaves the association without significant continuing business activity.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Section References This section is referenced in § 29-1014.01, § 29-1014.03, and § 29-1014.04. Editor's Notes Uniform Law: This section is based on § 1502 of the Uniform Limited Cooperative Association Act.
DC Code § 29-1014.03 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XIV - Disposition of Assets|§ 29-1014.03. Notice and action on disposition of assets

For a limited cooperative association to dispose of assets under § 29-1014.02: (1) A majority of the board of directors, or a greater percentage if required by the organic rules, shall approve the proposed disposition; and (2) The board of directors shall call a members meeting to consider the proposed disposition, hold the meeting not later than 90 days after approval of the proposed disposition by the board, and mail or otherwise transmit or deliver in a record to each member: (A) The terms of the proposed disposition; (B) A recommendation that the members approve the disposition or, if the board determines that because of conflict of interest or other special circumstances, it should not make a favorable recommendation, the basis for that determination; (C) A statement of any condition of the board’s submission of the proposed disposition to the members; and (D) Notice of the meeting at which the proposed disposition will be considered, which shall be given in the same manner as notice of a special meeting of members.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Section References This section is referenced in § 29-1001.09, § 29-1014.02, and § 29-1014.04. Editor's Notes Uniform Law: This section is based on § 1503 of the Uniform Limited Cooperative Association Act.
DC Code § 29-1014.04 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XIV - Disposition of Assets|§ 29-1014.04. Disposition of assets

(a) Subject to subsection (b) of this section, a disposition of assets under § 29-1014.02 shall be approved by: (1) At least 2/3 of the voting power of members present at a members meeting called under § 29-1014.03(2); and (2) If the limited cooperative association has investor members, at least a majority of the votes cast by patron members, unless the organic rules require a greater percentage vote by patron members. (b) The organic rules may require that the percentage of votes under subsection (a)(1) of this section shall be: (1) A different percentage that is not less than a majority of members voting at the meeting; (2) Measured against the voting power of all members; or (3) A combination of paragraphs (1) and (2) of this subsection. (c) Subject to any contractual obligations, after a disposition of assets is approved and at any time before the consummation of the disposition, a limited cooperative association may approve an amendment to the contract for disposition or the resolution authorizing the disposition or approve abandonment of the disposition: (1) As provided in the contract or the resolution; and (2) Except as prohibited by the resolution, with the same affirmative vote of the board of directors and of the members as was required to approve the disposition. (d) The voting requirements for districts, classes, or voting groups under § 29-1004.04 apply to approval of a disposition of assets under this subchapter.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Section References This section is referenced in § 29-1001.09 and § 29-1014.02. Editor's Notes Uniform Law: This section is based on § 1504 of the Uniform Limited Cooperative Association Act.
DC Code § 29-1015.01 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 10 - Limited Cooperative Associations|Subchapter XV - Merger|§ 29-1015.01. Definitions

For the purposes of this subchapter, the term: (1) “Constituent limited cooperative association” or “constituent association” means a limited cooperative association or foreign limited cooperative association that is a party to a merger. (2) “Surviving limited cooperative association” or “surviving association” means a limited cooperative association or foreign limited cooperative association into which one or more other domestic associations or foreign cooperatives associations are merged, whether the domestic or foreign association existed before the merger or is created by the merger.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Editor's Notes Uniform Law: This section is based on § 1601 of the Uniform Limited Cooperative Association Act.