District of Columbia § 29-412.09 Directors’ duties.

District of Columbia Statutes

§ 29-412.09 — Directors’ duties.

District of Columbia § 29-412.09

JurisdictionDistrict of Columbia

Title 29Business Organizations. [Enacted title]

Ch. 4Nonprofit Corporations.

Subch. XIIDissolution.

Part AVoluntary Dissolution.

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Bluebook

D.C. Code § 29-412.09 (2026).

Text

(a)Directors shall cause the dissolved nonprofit corporation to discharge or make reasonable provision for the payment of claims and make distributions of assets after payment or provision for claims.

(b)Directors of a dissolved nonprofit corporation that has disposed of claims under § 29-412.06 , § 29-412.07 , or § 29-412.08 shall not be liable for breach of § 29-412.09(a) with respect to claims against the dissolved corporation that are barred or satisfied under § 29-412.06 , § 29-412.07 , or § 29-412.08 .

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(a) Directors shall cause the dissolved nonprofit corporation to discharge or make reasonable provision for the payment of claims and make distributions of assets after payment or provision for claims.

(b) Directors of a dissolved nonprofit corporation that has disposed of claims under § 29-412.06 , § 29-412.07 , or § 29-412.08 shall not be liable for breach of § 29-412.09(a) with respect to claims against the dissolved corporation that are barred or satisfied under § 29-412.06 , § 29-412.07 , or § 29-412.08 .