Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 26 - BANKS AND OTHER FINANCIAL INSTITUTIONSChapter 13 - TRUST, LOAN, MORTGAGE, SAFE DEPOSIT AND TITLE CORPORATIONS
Subchapter I - GENERAL
Section 26-1328 - Liability of directors or trustees on declaration of dividends - Exemption

D.C. Code § 26-1328

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Current through codified legislation effective September 18, 2024
Section 26-1328 - 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.

D.C. Code § 26-1328

Mar. 3, 1901, 31 Stat. 1308, ch. 854, § 740.