{"data":{"id":"us-dc/d.c.-code-29-412.22","jurisdiction":"us-dc","citation":"D.C. Code § 29-412.22","heading":"Receivership or custodianship.","body":"(a)\nThe Superior Court in a judicial proceeding brought to dissolve a nonprofit corporation may appoint one or more receivers to wind up and liquidate, or one or more custodians to manage, the affairs of the corporation. The court shall hold a hearing, after giving notice to all parties to the proceeding and any interested persons designated by the court, before appointing a receiver or custodian. The court appointing a receiver or custodian has exclusive jurisdiction over the corporation and all of its property wherever located.\n\n(b)\nThe Superior Court may require the receiver or custodian to post bond, with or without sureties, in an amount the court directs.\n\n(c)\nThe Superior Court shall describe the powers and duties of the receiver or custodian in its appointing order, which may be amended. Among other powers:\n(1)\nThe receiver:\n(A)\nMay dispose of all or any part of the assets of the nonprofit corporation wherever located, at a public or private sale, if authorized by the court; and\n(B)\nMay sue and defend in his or her own name as receiver of the corporation;\n(2)\nThe custodian may exercise all of the powers of the corporation, through or in place of its board of directors and any designated body, to the extent necessary to manage the affairs of the corporation consistent with its mission and in the best interests of its members, if any, and creditors.\n\n(d)\nDuring a receivership, the Superior Court may redesignate the receiver a custodian, and during a custodianship may redesignate the custodian a receiver, if doing so is consistent with the mission of the nonprofit corporation and in the best interests of the corporation, its members, and creditors.\n\n(e)\nThe Superior Court during the receivership or custodianship may order compensation paid and expense disbursements or reimbursements made to the receiver or custodian and counsel from the assets of the nonprofit corporation or proceeds from the sale of the assets.\n\n(f)\nThis section does not apply to a religious corporation.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 4. Nonprofit Corporations.","Subchapter XII. Dissolution.","Part B. Judicial Dissolution or Other Equitable Relief."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-412.22","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"4dc87b4641310a6e9229ae54c3fe6cf74e8afce20d50d1c4d966d8391c72ac45","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-412.21","next":"us-dc/d.c.-code-29-412.23"},"notice":"GroundRules: Original legal text. Not legal advice."}