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Redemption or repurchase.

D.C. Code § 29-1010.06
in effect
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29-1010.06. Redemption or repurchase. Property distributed to a member by a limited cooperative association, other than money, maybe redeemed or repurchased as provided in the organic rules, but a redemption or repurchase shall not be made without authorization by the board of directors. The board may withhold authorization for any reason in its sole discretion. A redemption or repurchase shall be treated as a distribution for purposes of § 29-1010.07. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
Source: Council of the District of Columbia (code.dccouncil.gov)URL: https://code.dccouncil.gov/us/dc/council/code/sections/29-1010.06Fetched: 10/21/2026

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