{"data":{"id":"us-dc/d.c.-code-29-404.41","jurisdiction":"us-dc","citation":"D.C. Code § 29-404.41","heading":"Compensation and other permitted payments.","body":"(a)\nA nonprofit corporation may pay reasonable compensation or reimburse reasonable expenses to members, directors, delegates, members of a designated body, or officers for services rendered.\n\n(b)\nA nonprofit corporation may confer benefits upon or make contributions to members or nonmembers in conformity with its purposes, repurchase its memberships only to the extent provided in § 29-404.22, or repay capital contributions, except when:\n(1)\nThe corporation is currently insolvent or would thereby be made insolvent or rendered unable to carry on its purposes; or\n(2)\nThe fair value of the assets of the corporation remaining after the conferring of benefits, contribution, repurchase, or repayment would be insufficient to meet its liabilities.\n\n(c)\nA nonprofit corporation may make distributions of cash or property to members upon dissolution or final liquidation only as permitted by this chapter.","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/29-404.41","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"bdf130ec73d1067d467403b1bc196f2df542f33bf32d757c4e46e763c82a88b7","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-404.40","next":"us-dc/d.c.-code-29-404.42"},"notice":"GroundRules: Original legal text. Not legal advice."}