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

D.C. Code § 29-412.09: Directors’ duties.

Where this section sits in the code

Title 29. Business Organizations. [Enacted title]
Chapter 4. Nonprofit Corporations.
Subchapter XII. Dissolution.
Part A. Voluntary Dissolution.

(a)

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

(b)

Directors of a dissolved nonprofit corporation that has disposed of claims under § 29-412.06, § 29-412.07, or § 29-412.08 shall not be liable for breach of § 29-412.09(a) with respect to claims against the dissolved corporation that are barred or satisfied under § 29-412.06, § 29-412.07, or § 29-412.08.

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

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