(a) A board of directors shall consist of one or more individuals, with the number specified in or fixed in accordance with the articles of incorporation or bylaws.
(b) The number of directors may be increased or decreased by amendment to, or in the manner provided in, the articles of incorporation or the bylaws.
(c) Directors shall be elected at the 1st annual shareholders’ meeting and at each annual meeting thereafter unless their terms are staggered under § 29-306.06.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 3 - Business Corporations
Subchapter VI - Directors and Officers
§ 29–306.01. Requirement for and functions of board of directors
§ 29–306.02. Qualifications of directors
§ 29–306.03. Number and election of directors
§ 29–306.04. Election of directors by certain classes of shareholders
§ 29–306.05. Terms of directors generally
§ 29–306.06. Staggered terms for directors
§ 29–306.07. Resignation of directors
§ 29–306.08. Removal of directors by shareholders