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Salaries to be authorized by directors.

D.C. Code § 31-4427
in effect
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31-4427. Salaries to be authorized by directors. 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. (June 19, 1934, 48 Stat. 1151, ch. 672, ch. III, § 27.)
Source: Council of the District of Columbia (code.dccouncil.gov)URL: https://code.dccouncil.gov/us/dc/council/code/sections/31-4427Fetched: 10/21/2026

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