{"data":{"id":"us-dc/d.c.-code-29-1303.03","jurisdiction":"us-dc","citation":"D.C. Code § 29-1303.03","heading":"Standard of conduct for officers.","body":"(a)\nEach officer of a benefit corporation shall consider the interests and factors described and in the manner provided in § 29-1303.01(a) if:\n(1)\nThe officer has discretion to act with respect to a matter; and\n(2)\nIt is reasonably apparent to the officer that the matter may have a material effect on the creation of general public benefit or a specific public benefit identified in the articles of incorporation of the benefit corporation.\n\n(b)\nThe consideration of interests and factors as provided by subsection (a) of this section shall not constitute a violation of § 29-306.42.\n\n(c)\nAn officer is not personally liable for monetary damages for:\n(1)\nAction taken as an officer if the officer performed the duties of the position in compliance with § 29-306.42 and this section; or\n(2)\nFailure of the benefit corporation to pursue or create general public benefit or specific public benefit.\n\n(d)\nAn officer does not have a duty to a beneficiary of the general public benefit purpose or a specific public benefit purpose of a benefit corporation arising from the beneficiary’s status.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 13. Benefit Corporations.","Subchapter III. Accountability."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-1303.03","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"e24ee035721a95f04b46e1c00e493df443f1a3e07838f1046e61d43a7f11048a","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1303.02","next":"us-dc/d.c.-code-29-1303.04"},"notice":"GroundRules: Original legal text. Not legal advice."}