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

D.C. Code § 29-305.50: Definitions.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 3. Business Corporations.
  3. Subchapter V. Shareholders.
  4. Part D. Derivative Proceedings.

For the purposes of this part, the term:

(1)

“Derivative proceeding” means a civil action in the right of a domestic corporation or, to the extent provided in § 29-305.57, in the right of a foreign corporation.

(2)

“Shareholder” includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner’s behalf.

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

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