Chapter 4. Nonprofit Corporations.


Subchapter I. General Provisions. Back to Top
Part A. General Provisions.
§ 29-401.01. Short title.
§ 29-401.02. Definitions.
§ 29-401.03. Notice.
§ 29-401.04. Reference to extrinsic facts in plans or filed documents.
§ 29-401.05. Restrictions and required approvals.
Part B. Review of Contested Corporate Action.
§ 29-401.20. Definition.
§ 29-401.21. Proceedings prior to corporate action.
§ 29-401.22. Review of contested corporate action.
§ 29-401.23. Notice to Attorney General.
Part C. Religious Corporations.
§ 29-401.40. Subordination to canon law or other religious doctrine.
Part D. Member-Governed Corporations.
§ 29-401.50. Member-governed corporations.
Part E. Attorney General.
§ 29-401.60. Notice to Attorney General.
Subchapter II. Incorporation. Back to Top
§ 29-402.01. Incorporators.
§ 29-402.02. Articles of incorporation.
§ 29-402.03. Incorporation.
§ 29-402.04. Liability for preincorporation transactions.
§ 29-402.05. Organization of corporation.
§ 29-402.06. Bylaws.
Subchapter III. Purposes and Powers. Back to Top
§ 29-403.01. Purposes.
§ 29-403.02. General powers.
§ 29-403.03. Emergency powers.
§ 29-403.04. Ultra vires.
Subchapter IV. Memberships and Financial Provisions. Back to Top
Part A. Admission of Members.
§ 29-404.01. No requirement of members; other persons designated by articles of incorporation or bylaws.
§ 29-404.02. Admission.
§ 29-404.03. Consideration.
Part B. Rights and Obligations of Members.
§ 29-404.10. Differences in rights and obligations of members.
§ 29-404.11. Transfers.
§ 29-404.12. Member's liability to third parties.
§ 29-404.13. Member's liability for dues, assessments, and fees.
§ 29-404.14. Creditor's action against member.
Part C. Resignation and Termination.
§ 29-404.20. Resignation.
§ 29-404.21. Termination and suspension.
§ 29-404.22. Purchase of memberships.
Part D. Delegates.
§ 29-404.30. Delegates.
Part E. Financial Provisions.
§ 29-404.40. Distributions prohibited.
§ 29-404.41. Compensation and other permitted payments.
§ 29-404.42. Debt and security interests.
§ 29-404.43. Private foundations.
Subchapter V. Member Meetings. Back to Top
Part A. Procedures.
§ 29-405.01. Annual and regular meetings.
§ 29-405.02. Special meeting.
§ 29-405.03. Court-ordered meeting.
§ 29-405.04. Action without meeting.
§ 29-405.05. Notice of meeting.
§ 29-405.06. Waiver of notice.
§ 29-405.07. Record date.
§ 29-405.08. Conduct of meeting.
§ 29-405.09. Action by ballot.
Part B. Voting.
§ 29-405.20. Members list for meeting.
§ 29-405.21. Voting entitlement of members.
§ 29-405.22. Proxies.
§ 29-405.23. Acceptance of votes.
§ 29-405.24. Quorum and voting requirements for voting groups.
§ 29-405.25. Action by single and multiple voting groups.
§ 29-405.26. Different quorum or voting requirements.
§ 29-405.27. Voting for directors.
§ 29-405.28. Inspectors of election.
Part C. Voting Agreements.
§ 29-405.40. Voting agreements.
Subchapter VI. Directors, Officers, and Employees. Back to Top
Part A. Board of Directors.
§ 29-406.01. Requirement for and functions of board of directors.
§ 29-406.02. Qualifications of directors.
§ 29-406.03. Number of directors.
§ 29-406.04. Selection of directors.
§ 29-406.05. Terms of directors generally.
§ 29-406.06. Staggered terms for directors.
§ 29-406.07. Resignation of directors.
§ 29-406.08. Removal of directors by members or other persons.
§ 29-406.09. Removal of directors by judicial proceeding.
§ 29-406.10. Vacancy on board.
§ 29-406.11. Compensation of directors.
§ 29-406.12. Designated body.
Part B. Meetings and Action of the Board.
§ 29-406.20. Meetings.
§ 29-406.21. Action without meeting.
§ 29-406.22. Call and notice of meeting.
§ 29-406.23. Waiver of notice.
§ 29-406.24. Quorum and voting.
§ 29-406.25. Board and advisory committees.
Part C. Directors.
§ 29-406.30. Standards of conduct for directors.
§ 29-406.31. Standards of liability for directors.
§ 29-406.32. Loans to or guarantees for directors and officers.
§ 29-406.33. Directors' liability for unlawful distributions.
Part D. Officers.
§ 29-406.40. Officers.
§ 29-406.41. Duties of officers.
§ 29-406.42. Standards of conduct for officers.
§ 29-406.43. Resignation and removal of officers.
§ 29-406.44. Contract rights of officers.
Part E. Indemnification and Advance for Expenses.
§ 29-406.50. Definitions.
§ 29-406.51. Permissible indemnification.
§ 29-406.52. Mandatory indemnification.
§ 29-406.53. Advance for expenses.
§ 29-406.54. Court-ordered indemnification and advance for expenses.
§ 29-406.55. Determination and authorization of indemnification.
§ 29-406.56. Indemnification of officers.
§ 29-406.57. Insurance.
§ 29-406.58. Variation of indemnification.
Part F. Conflicting Interest Transactions; Voidability.
§ 29-406.70. Conflicting interest transactions; voidability.
Part G. Business Opportunities.
§ 29-406.80. Business opportunities.
Part H. Limitations on Liability of Volunteers and Employees.
§ 29-406.90. Immunity from civil liability for volunteer of corporation.
§ 29-406.91. Limited liability for employee of corporation.
Subchapter VII. Domestication. Back to Top
§ 29-407.01. Definitions.
§ 29-407.02. Domestication.
§ 29-407.03. Action on plan of domestication.
§ 29-407.04. Articles of domestication.
§ 29-407.05. Effect of domestication.
§ 29-407.06. Abandonment of a domestication.
Subchapter VIII. Amendment of Articles of Incorporation and Bylaws. Back to Top
Part A. Amendment of Articles of Incorporation.
§ 29-408.01. Authority to amend.
§ 29-408.02. Amendment before issuance of memberships.
§ 29-408.03. Amendment of articles of membership corporation.
§ 29-408.04. Voting on amendments by voting groups.
§ 29-408.05. Amendment of articles of nonmembership corporation.
§ 29-408.06. Articles of amendment.
§ 29-408.07. Restated articles of incorporation.
§ 29-408.08. Amendment pursuant to reorganization.
§ 29-408.09. Effect of articles amendment.
Part B. Amendment of Bylaws.
§ 29-408.20. Amendment by board of directors or members.
§ 29-408.21. Bylaw increasing quorum or voting requirement for board of directors or designated body.
§ 29-408.22. Bylaw amendments requiring member approval.
§ 29-408.23. Effect of bylaw amendment.
Part C. Special Rights.
§ 29-408.40. Approval by third persons.
Subchapter IX. Mergers and Membership Exchanges. Back to Top
§ 29-409.01. Preliminary provisions and restrictions.
§ 29-409.02. Merger.
§ 29-409.03. Membership exchange.
§ 29-409.04. Action on a plan of merger or membership exchange.
§ 29-409.05. Merger with controlled corporation or between controlled corporations.
§ 29-409.06. Articles of merger or membership exchange.
§ 29-409.07. Effect of merger or membership exchange.
§ 29-409.08. Abandonment of a merger or membership exchange.
Subchapter X. Disposition of Assets. Back to Top
§ 29-410.01. Disposition of assets not requiring member approval.
§ 29-410.02. Member approval of certain dispositions.
§ 29-410.03. Restrictions on dispositions of assets.
Subchapter XI. Derivative Proceedings. Back to Top
§ 29-411.01. Definition.
§ 29-411.02. Standing.
§ 29-411.03. Demand.
§ 29-411.04. Stay of proceedings.
§ 29-411.05. Dismissal.
§ 29-411.06. Discontinuance or settlement.
§ 29-411.07. Security for costs; payment of expenses.
§ 29-411.08. Applicability to foreign corporations.
§ 29-411.09. Notice to Attorney General.
Subchapter XII. Dissolution. Back to Top
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.
§ 29-412.08. Judicial proceedings.
§ 29-412.09. Directors' duties.
Part B. Judicial Dissolution or Other Equitable Relief.
§ 29-412.20. Grounds for judicial dissolution or other equitable relief.
§ 29-412.21. Procedure for judicial dissolution.
§ 29-412.22. Receivership or custodianship.
§ 29-412.23. Decree of dissolution.
Part C. Miscellaneous.
§ 29-412.30. Deposit with Mayor.
Subchapter XIII. Records and Reports. Back to Top
Part A. Records.
§ 29-413.01. Corporate records.
§ 29-413.02. Inspection of records by members.
§ 29-413.03. Scope of inspection right.
§ 29-413.04. Court-ordered inspection.
§ 29-413.05. Inspection of records by directors.
§ 29-413.06. Exception to notice requirement.
§ 29-413.07. Limitations on use of membership list.
Part B. Reports.
§ 29-413.20. Financial statements for members.
Subchapter XIV. Transition Provisions. Back to Top
§ 29-414.01. Application to existing domestic corporations.
§ 29-414.02. Application to qualified foreign corporations.
§ 29-414.03. Entitlement to cumulate votes.