District Of Columbia § 29-1303.01 - Standard of conduct for directors.
Full text of District Of Columbia D.C. Code § 29-1303.01 — Standard of conduct for directors., with citation guidance and answers to common questions.
§ 29-1303.01. Standard of conduct for directors.
29-1303.01In discharging the duties of their respective positions and in considering the best interests of the benefit corporation, the board of directors, committees of the board, and individual directors of a benefit corporation:
Shall consider the effects of any action upon:
The shareholders of the benefit corporation;
The employees and work force of the benefit corporation, its subsidiaries, and its suppliers;
The interests of customers as beneficiaries of the general public benefit or specific public benefit purposes of the benefit corporation;
Community and societal factors, including those of each community in which offices or facilities of the benefit corporation, its subsidiaries, or its suppliers are located;
The local and global environment;
The short-term and long-term interests of the benefit corporation, including benefits that may accrue to the benefit corporation from its long-term plans and the possibility that these interests may be best served by the continued independence of the benefit corporation; and
The ability of the benefit corporation to accomplish its general public benefit purpose and any specific public benefit purpose;
May consider other pertinent factors or the interests of any other group that they deem appropriate; and
Need not give priority to the interests of a particular person or group referenced in paragraph (1) or (2) of this subsection over the interests of any other person or group, unless the benefit corporation has stated in its articles of incorporation its intention to give priority to certain interests related to its accomplishment of its general public benefit purpose or of a specific public benefit purpose identified in its articles of incorporation.
The consideration of interests and factors in the manner required by subsection (a) of this section does not constitute a violation of .
A director is not personally liable for monetary damages for:
Any action taken as a director if the director performed the duties of office in compliance with and this section; or
Failure of the benefit corporation to create general public benefit or specific public benefit.
A director does not have a duty to a person that is a beneficiary of the general public benefit purpose or a specific public benefit purpose of a benefit corporation arising from the status of the person as a beneficiary.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-1303.01
What does D.C. Code § 29-1303.01 cover?
Section 29-1303.01 ("Standard of conduct for directors.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 29-1303.01?
A common citation format is "D.C. Code § 29-1303.01" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 29-1303.01 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.