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§ 29-1301-03 — District of Columbia Law | CourtGPT
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  4. Title 29 - Business Organizations. [Enacted Title]/
  5. Chapter 13 - Benefit Corporationssub/
  6. Subchapter I - Preliminary Provisions§ 29–1301.01. Short Title/
  7. § 29-1301-03
District of Columbia Legal Code

§ 29-1301-03

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03. Applicability; construction. (a) This chapter shall be applicable to all benefit corporations. (b) This chapter shall not affect a statute or rule of law that is applicable to a business corporation that is not a benefit corporation, and shall not in and of itself create an implication that a contrary or different rule is applicable to a business corporation and not a benefit corporation. (c) Except as otherwise provided in this chapter, Chapters 1, 2, and 3 of this title shall apply to a benefit corporation organized under this chapter. A benefit corporation may simultaneously be subject to this chapter and one or more other chapters of this title. (d) A provision of the articles of incorporation or bylaws of a benefit corporation may not relax, be inconsistent with, or supersede a provision of this chapter. (May 1, 2013, D.C. Law 19-305, § 2(b), 60 DCR 2735.)