D.C. Code § 29-404.21

Termination and suspension.

Last amended: 2011Year: 2026Length: 79 wordsOfficial source
(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: Termination and suspension. | Justis AI