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

D.C. Code § 29-312.09: Director duties.

Where this section sits in the code

Title 29. Business Organizations. [Enacted title]
Chapter 3. Business Corporations.
Subchapter XII. Dissolution.
Part A. Voluntary Dissolution.

(a)

Directors shall cause the dissolved corporation to discharge or make reasonable provision for the payment of claims and make distributions of assets to shareholders after payment or provision for claims.

(b)

Directors of a dissolved corporation which has disposed of claims under § 29-312.06, § 29-312.07, or § 29-312.08 shall not be liable for breach of subsection (a) of this section with respect to claims against the dissolved corporation that are barred or satisfied under § 29-312.06, § 29-312.07, or § 29-312.08.

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

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