(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.
(b) An unincorporated nonprofit association may:
(1) Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;
(2) Confer benefits on a member or manager in conformity with its nonprofit purposes;
(3) Repurchase a membership and repay a capital contributions made by a member to the extent authorized by its governing principles; or
(4) Make distributions of property to members upon winding up and termination to the extent permitted by § 29-1125.
CREDIT(S)
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
HISTORICAL AND STATUTORY NOTES
Legislative History of Laws
For history of Law 18-378, see notes under § 29-101.01.
Editor's Notes
Former § 29-1122 has been recodified as § 29A-1122.
Uniform Law:
This section is based on § 26 of the Uniform Unincorporated Nonprofit Association Act (2008 Act) . See Vol. 6B , Uniform Laws Annotated, Master Edition or ULA Database on Westlaw.