{"data":{"id":"us-dc/d.c.-code-29-302.02","jurisdiction":"us-dc","citation":"D.C. Code § 29-302.02","heading":"Articles of incorporation.","body":"(a)\nThe articles of incorporation shall set forth:\n(1)\nA corporate name for the corporation that satisfies §§ 29-103.01 and 29-103.02(a);\n(2)\nThe number of shares the corporation is authorized to issue;\n(3)\nThe information required by § 29-104.04; and\n(4)\nThe name and address of each incorporator.\n\n(b)\nThe articles of incorporation may set forth:\n(1)\nThe names and addresses of the individuals who are to serve as the initial directors;\n(2)\nProvisions not inconsistent with law regarding:\n(A)\nThe purpose or purposes for which the corporation is organized;\n(B)\nManaging the business and regulating the affairs of the corporation;\n(C)\nDefining, limiting, and regulating the powers of the corporation, its board of directors, and shareholders;\n(D)\nA par value for authorized shares or classes of shares;\n(E)\nThe imposition of personal liability on shareholders for the debts of the corporation to a specified extent and upon specified conditions;\n(3)\nAny provision that under this chapter is required or permitted to be set forth in the bylaws;\n(4)\nA provision eliminating or limiting the liability of a director to the corporation or its shareholders for money damages for any action taken, or any failure to take any action, as a director, except liability for:\n(A)\nThe amount of a financial benefit received by a director to which the director is not entitled;\n(B)\nAn intentional infliction of harm on the corporation or the shareholders;\n(C)\nA violation of § 29-306.32; or\n(D)\nAn intentional violation of criminal law; and\n(5)\nA provision permitting or making obligatory indemnification of a director for liability, as defined in § 29-306.50, to any person for any action taken, or any failure to take any action, as a director, except liability for:\n(A)\nReceipt of a financial benefit to which the director is not entitled;\n(B)\nAn intentional infliction of harm on the corporation or its shareholders;\n(C)\nA violation of § 29-306.32; or\n(D)\nAn intentional violation of criminal law.\n\n(c)\nThe articles of incorporation need not set forth any of the corporate powers enumerated in this chapter.\n\n(d)\nProvisions of the articles of incorporation may be made dependent upon facts objectively ascertainable outside the articles of incorporation in accordance with § 29-301.04.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 3. Business Corporations.","Subchapter II. Incorporation."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-302.02","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"1b1a19719659bb1deec7e177fad93a6681330103903a6755465c232b9847fc8e","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-302.01","next":"us-dc/d.c.-code-29-302.03"},"notice":"GroundRules: Original legal text. Not legal advice."}