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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-1013.01: Derivative action.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 10. Limited Cooperative Associations.
  3. Subchapter XIII. Action by Member.

A member may maintain a derivative action in the Superior Court to enforce a right of a limited cooperative association if:

(1)

The member demands that the association bring an action to enforce the right; and

(2)

Any of the following occur:

(A)

The association does not, within 90 days after the member makes the demand, agree to bring the action;

(B)

The association notifies the member that it has rejected the demand;

(C)

Irreparable harm to the association would result by waiting 90 days after the member makes the demand;

(D)

The association agrees to bring an action demanded and fails to bring the action within a reasonable time; or

(E)

A demand under paragraph (1) of this subsection would be futile.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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