§ 26-1304. Organization certificate; execution; contents.

Current through October 23, 2012

The persons referred to in § 26-1301 shall, under their hands and seals, execute before some officer in said District competent to take the acknowledgment of deeds, an organization certificate, which shall specifically state:

(1) The name of the corporation;

(2) The purposes for which it is formed;

(3) The term for which it is to exist, which shall not exceed the term of 50 years, and be subject to alteration, amendment, or repeal by Congress at any time;

(4) The number of its directors and the names and residences of the officers who for the first year are to manage the affairs of the company; and

(5) The amount of its capital stock and its subdivision into shares.

                
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(Mar. 3, 1901, 31 Stat. 1303, ch. 854, § 716; Apr. 9, 1997, D.C. Law 11- 255, § 24(b), 44 DCR 1271.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 26-404.

1973 Ed., § 26-304.

Legislative History of Laws

For legislative history of D.C. Law 11-255, see Historical and Statutory Notes following § 26-1301.