(a) Directors shall cause the dissolved corporation to discharge or make reasonable provision for the payment of claims and make distributions of assets to shareholders after payment or provision for claims.
(b) Directors of a dissolved corporation which has disposed of claims under § 29-312.06, § 29-312.07, or § 29-312.08 shall not be liable for breach of subsection (a) of this section with respect to claims against the dissolved corporation that are barred or satisfied under § 29-312.06, § 29-312.07, or § 29-312.08.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
This section is referenced in § 29-306.32.
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 3 - Business Corporations
Part A - Voluntary Dissolution
§ 29–312.01. Dissolution by incorporators or initial directors
§ 29–312.02. Dissolution by board of directors and shareholders
§ 29–312.03. Articles of dissolution
§ 29–312.04. Revocation of dissolution
§ 29–312.05. Effect of dissolution
§ 29–312.06. Known claims against dissolved corporation
§ 29–312.07. Other claims against dissolved corporation