District Of Columbia § 29-312.05 - Effect of dissolution.
Full text of District Of Columbia D.C. Code § 29-312.05 — Effect of dissolution., with citation guidance and answers to common questions.
§ 29-312.05. Effect of dissolution.
29-312.05A dissolved corporation continues its corporate existence but shall not carry on any activities except that appropriate to wind up and liquidate its business and affairs, including:
Collecting its assets;
Disposing of its properties that will not be distributed in kind to its shareholders;
Discharging or making provision for discharging its liabilities;
Distributing its remaining property among its shareholders according to their interests; and
Doing every other act necessary to wind up and liquidate its activities and affairs.
Dissolution of a corporation shall not:
Transfer title to the corporation’s property;
Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation’s share transfer records;
Subject its directors or officers to standards of conduct different from those prescribed in ;
Change:
Quorum or voting requirements for its board of directors or shareholders;
Provisions for selection, resignation, or removal of its directors or officers, or both;
Provisions for amending its bylaws;
Prevent commencement of a proceeding by or against the corporation in its corporate name;
Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or
Terminate the authority of the registered agent of the corporation.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-312.05
What does D.C. Code § 29-312.05 cover?
Section 29-312.05 ("Effect of dissolution.") 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 § 29-312.05?
A common citation format is "D.C. Code § 29-312.05" (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 § 29-312.05 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.