Source: https://code.dccouncil.us/dc/council/code/titles/29/chapters/3/subchapters/II/
Timestamp: 2020-02-25 18:55:50
Document Index: 760059746

Matched Legal Cases: ['§ 29', '§ 29', '§ 29', '§ 29', '§ 29', '§ 29', '§ 29', '§\u200229', '§ 29', '§ 29', '§ 29', '§ 29', '§ 29', '§ 29', '§ 29', '§ 29', '§ 29', '§ 29']

D.C. Law Library - Subchapter II. Incorporation.
↪ Subchapter II. Incorporation.
Subchapter II. Incorporation.
§ 29–302.01. Incorporators.
§ 29–302.02. Articles of incorporation.
§ 29–302.03. Incorporation.
§ 29–302.04. Liability for preincorporation transactions.
§ 29–302.05. Organization of corporation.
§ 29–302.06. Bylaws.
§ 29–302.07. Emergency bylaws.
One or more persons may act as the incorporator or incorporators of a corporation by delivering articles of incorporation to the Mayor for filing.
(a) The articles of incorporation shall set forth:
(1) A corporate name for the corporation that satisfies §§ 29-103.01 and 29-103.02(a);
(3) The information required by § 29-104.04; and
(4) The name and address of each incorporator.
(D) A par value for authorized shares or classes of shares;
(4) A provision eliminating or limiting the liability of a director to the corporation or its shareholders for money damages for any action taken, or any failure to take any action, as a director, except liability for:
(A) The amount of a financial benefit received by a director to which the director is not entitled;
(B) An intentional infliction of harm on the corporation or the shareholders;
(C) A violation of § 29-306.32; or
(D) An intentional violation of criminal law; and
(5) A provision permitting or making obligatory indemnification of a director for liability, as defined in § 29-306.50, to any person for any action taken, or any failure to take any action, as a director, except liability for:
(A) Receipt of a financial benefit to which the director is not entitled;
(B) An intentional infliction of harm on the corporation or its shareholders;
(d) Provisions of the articles of incorporation may be made dependent upon facts objectively ascertainable outside the articles of incorporation in accordance with § 29-301.04.
This section is referenced in § 29-101.06, § 29-306.31, § 29-306.51, § 29-306.53, § 29-307.03, and § 29-1303.02.
(a) Unless a delayed effective date is specified, the corporate existence shall begin when the articles of incorporation are filed.
(b) The Mayor’s filing of the articles of incorporation shall be conclusive proof that the incorporators satisfied all conditions precedent to incorporation, except in a proceeding by the District to cancel or revoke the incorporation or involuntarily dissolve the corporation.
All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under this chapter, shall be jointly and severally liable for all liabilities created while so acting.
(1) If initial directors are named in the articles of incorporation, the initial directors shall hold an organizational meeting, at the call of a majority of the directors, to complete the organization of the corporation by appointing officers, adopting bylaws, and carrying on any other business brought before the meeting;
(2) If initial directors are not named in the articles, the incorporator or incorporators shall hold an organizational meeting at the call of a majority of the incorporators to elect:
(A) Directors and complete the organization of the corporation; or
(B) A board of directors who shall complete the organization of the corporation.
(c) An organizational meeting may be held in or outside of the District.
(a) Unless the articles of incorporation provide otherwise, the board of directors of a corporation may adopt bylaws to be effective only in an emergency defined in subsection (d) of this section. The emergency bylaws, which shall be subject to amendment or repeal by the shareholders, may make all provisions necessary for managing the corporation during the emergency, including:
(b) All provisions of the regular bylaws consistent with the emergency bylaws shall remain effective during the emergency. The emergency bylaws shall not be effective after the emergency ends.
(2) Shall not be used to impose liability on a corporate director, officer, employee, or agent.
(d) An emergency exists for the purposes of this section if a quorum of the corporation’s directors cannot readily be assembled because of some catastrophic event.