District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 26-1329: Directors or trustees personally liable when liabilities exceed assets.

Where this section sits in the code

Title 26. Banks and Other Financial Institutions.
Chapter 13. Trust, Loan, Mortgage, Safe Deposit and Title Corporations.
Subchapter I. General.

If the liabilities of any company shall at any time exceed the amount of the fair cash value of the assets, the directors or trustees of such company assenting thereto shall be personally and individually liable for such excess to the creditors of the company, after the additional liability of the stockholders has been enforced.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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