§ 26-1328Title 26

Liability of directors or trustees on declaration of dividends — Exemption.

If any of the directors or trustees shall object to declaring such dividends or the payment of the same, and shall at any time before the time fixed for the payment thereof file a certificate of their objection in writing with the secretary of the company and with the Recorder of Deeds of the District, they shall be exempt from the liability prescribed in § 26-1327.

Annotations

Mar. 3, 1901, 31 Stat. 1308, ch. 854, § 740
1973 Ed., § 26-328.
1981 Ed., § 26-428.

Source XML

Sourced from the DC Council Open Law Library (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.