(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.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 4 - Nonprofit Corporations
Part A - Voluntary Dissolution
§ 29–412.01. Dissolution by incorporators or directors
§ 29–412.02. Approval of dissolution
§ 29–412.03. Articles of dissolution
§ 29–412.04. Revocation of dissolution
§ 29–412.05. Effect of dissolution
§ 29–412.06. Known claims against dissolved corporation
§ 29–412.07. Other claims against dissolved corporation