District of Columbia Statutes
§ 26-1328 — Liability of directors or trustees on declaration of dividends — Exemption.
District of Columbia·Title 26 Banks and Other Financial Institutions.·Ch. 13 Trust, Loan, Mortgage, Safe Deposit and Title Corporations.·Subch. I General.
If any of the directors or trustees shall object to declaring such dividends or the payment of the same, and shall at any time before the time fixed for the payment thereof file a certificate of their objection in writing with the secretary of the company and with the Recorder of Deeds of the District, they shall be exempt from the liability prescribed in § 26-1327 .
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District of Columbia § 26-1328 (Liability of directors or trustees on declaration of dividends — Exemption.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Mar. 3, 1901, 31 Stat. 1308, ch. 854, § 740
Nearby Sections
15
§ 26-1001
Definitions.§ 26-1002
License required.§ 26-1003
Exemptions.§ 26-1004
License qualifications.§ 26-1006
License application.§ 26-1007
Bond or other security device.§ 26-1008
Application fee.§ 26-1009
Issuance of license.§ 26-1011
Special reporting requirements.§ 26-1012
Changes in control of a licensee.§ 26-1013
Examinations.§ 26-1014
Maintenance of records.