{"data":{"id":"us-dc/d.c.-code-29-404.40","jurisdiction":"us-dc","citation":"D.C. Code § 29-404.40","heading":"Distributions prohibited.","body":"(a)\nExcept as permitted under § 29-404.22 or § 29-404.41, a nonprofit corporation shall not pay dividends or make distributions of any part of its assets, income, or profits to its members, directors, delegates, members of a designated body, or officers.\n\n(b)\nThis section shall not apply to a contract or transaction authorized pursuant to § 29-406.70.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 4. Nonprofit Corporations.","Subchapter IV. Memberships and Financial Provisions.","Part E. Financial Provisions."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-404.40","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"66785f8eb0f15baaccc552b8f75bf79e332b061dbbb5b64740a68256c358d3bd","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-404.30","next":"us-dc/d.c.-code-29-404.41"},"notice":"GroundRules: Original legal text. Not legal advice."}