D.C. Code § 31-4421

Current through codified legislation effective June 1, 2024

Section 31-4421 - Directors - Annual election; qualifications; limitation on proxies

The stock, property, and business of every company organized under this subdivision shall be managed by the directors who shall, except for the 1st year, be annually elected, at such time and place as shall be determined by the bylaws of the company. All proxies used in the election of directors of such companies shall be valid for a period not exceeding 1 year from the election for which they were signed and in which they were authorized to be voted.

D.C. Code § 31-4421

June 19, 1934, 48 Stat. 1149, ch. 672, ch. III, § 21; Mar. 8, 2007, D.C. Law 16-232, § 205(b)(2), 54 DCR 368.

Mutual insurance holding company, membership interest, see § 31-735. Quo warranto proceedings to question right to corporate office, see § 16-3501 et seq. .