LegalFix
Sign In

§ 29–402.05. Organization of corporation.

DC Code § 29–402.05 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) After incorporation:

(1) If initial directors or members of a designated body are named in the articles of incorporation, those persons shall hold an organizational meeting, as appropriate, at the call of a majority of them, to complete the organization of the nonprofit corporation by electing directors, when the organization of the corporation is to be completed by a designated body, appointing officers, adopting bylaws, and carrying on any other business brought before the meeting;

(2) If initial directors or members of a designated body 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 nonprofit corporation; or

(B) A board of directors who shall complete the organization of the corporation.

(b) Action required or permitted by this chapter to be taken by incorporators at an organizational meeting may be taken without a meeting if the action taken is evidenced by one or more consents in the form of a record describing the action taken and signed by each incorporator.

(c) An organizational meeting may be held in or outside of the District.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

Previous Section
§ 29–402.04. Liability for preincorporation transactions.
Next Section
§ 29–402.06. Bylaws.