District Of Columbia § 29-306.55 - Determination and authorization of indemnification.
Full text of District Of Columbia D.C. Code § 29-306.55 — Determination and authorization of indemnification., with citation guidance and answers to common questions.
§ 29-306.55. Determination and authorization of indemnification.
29-306.55A corporation shall not indemnify a director under unless authorized for a specific proceeding after a determination has been made that indemnification is permissible because the director has met the relevant standard of conduct set forth in .
The determination under subsection (a) of this section shall be made:
If there are 2 or more qualified directors, by the board of directors by a majority vote of all the qualified directors, a majority of whom shall for such purpose constitute a quorum, or by a majority of the members of a committee of 2 or more qualified directors appointed by such a vote;
By special legal counsel:
Selected in the manner prescribed in paragraph (1) of this subsection; or
If there are fewer than 2 qualified directors, selected by the board of directors, in which selection directors who are not qualified directors may participate; or
By the shareholders, but shares owned by or voted under the control of a director who at the time is not a qualified director shall not be voted on the determination.
Authorization of indemnification shall be made in the same manner as the determination that indemnification is permissible; provided, that if there are fewer than 2 qualified directors, or if the determination is made by special legal counsel, authorization of indemnification shall be made by those entitled to select special legal counsel under subsection (b)(2)(B) of this section.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-306.55
What does D.C. Code § 29-306.55 cover?
Section 29-306.55 ("Determination and authorization of indemnification.") 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 § 29-306.55?
A common citation format is "D.C. Code § 29-306.55" (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 § 29-306.55 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.