D.C. Code § 31-4427

Salaries to be authorized by directors.

Last amended: 1934Year: 2026Length: 40 wordsOfficial source
No domestic company shall pay any salary, compensation, or emolument to any officer, trustee, or director thereof, amounting in any 1 year to more than $5,000, unless such payment shall be authorized by the board of directors of the company.
D.C. Code § 31-4427: Salaries to be authorized by directors. | Justis AI