Alert: Compliance Change for Nonprofits Incorporated in the District of Columbia

August 19, 2011

The District of Columbia has issued a completely revised nonprofit corporation act that will take effect January 1, 2012.  The law firm of Harmon, Curran, Spielberg & Eisenberg, LLP has written an article here to describe the new law and recommendations that all nonprofits incorporated in DC should review their articles of incorporation, bylaws, and governance practices to ensure compliance with the new statute.  The areas in which the new code differs from the prior code include maintaining records, member rights, indemnification of officers and directors, conflicts of interest, and officer positions.

In addition, the new code now has an April 15th deadline for DC biennial reports, instead of the previous deadline of January 15th.