D.C. Code § 31-4427

Current through codified legislation effective October 30, 2024
Section 31-4427 - Salaries to be authorized by directors

No domestic company shall pay any salary, compensation, or emolument to any officer, trustee, or director thereof, amounting in any 1 year to more than $ 5,000, unless such payment shall be authorized by the board of directors of the company.

D.C. Code § 31-4427

June 19, 1934, 48 Stat. 1151, ch. 672, ch. III, § 27.

Hospital and medical services corporation, applicability of this section, see § 31-3503. .