D.C. Code § 29-1122

Distributions prohibited; compensation and other permitted payments.

Effective Jul 2, 2011July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
  1. (a) Except as otherwise provided in subsection (b) of this section, an unincorporated nonprofit association shall not pay dividends or make distributions to a member or manager.
  2. (b) An unincorporated nonprofit association may:

    1. (1) Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;
    2. (2) Confer benefits on a member or manager in conformity with its nonprofit purposes;
    3. (3) Repurchase a membership and repay a capital contributions made by a member to the extent authorized by its governing principles; or
    4. (4) Make distributions of property to members upon winding up and termination to the extent permitted by § 29-1125.

History

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

Editor's Notes

Uniform Law: This section is based on § 26 of the Uniform Unincorporated Nonprofit Association Act (2008 Act).

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