D.C. Code § 29-406.56: Indemnification of officers.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 4. Nonprofit Corporations.
- Subchapter VI. Directors, Officers, and Employees.
- Part E. Indemnification and Advance for Expenses.
(a)
A nonprofit corporation may indemnify and advance expenses under this part to an officer of the corporation who is a party to a proceeding because he or she is or was an officer of the corporation:
(1)
To the same extent as a director; and
(2)
If he or she is an officer but not a director, to such further extent as may be provided by the articles of incorporation, the bylaws, a resolution of the board of directors, or contract, except for:
(A)
Liability in connection with a proceeding by or in the right of the corporation other than for reasonable expenses incurred in connection with the proceeding; or
(B)
Liability arising out of conduct that constitutes:
(i)
Receipt by the officer of a financial benefit to which the officer is not entitled;
(ii)
An intentional infliction of harm on the corporation or the members; or
(iii)
An intentional violation of criminal law.
(b)
Subsection (a)(2) of this section shall apply to an officer who is also a director if the basis on which he or she is made a party to the proceeding is an act or omission solely as an officer.
(c)
An officer of a corporation who is not a director shall be entitled to mandatory indemnification under § 29-406.52, and may apply to a court under § 29-406.54 for indemnification or an advance for expenses, in each case to the same extent to which a director may be entitled to indemnification or advance for expenses under those provisions.
Collected 2026-08-29T05:44:07Z. Source file · JSON