GroundRules
D.C. Code § 29-305.51: Standing.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 3. Business Corporations.
- Subchapter V. Shareholders.
- Part D. Derivative Proceedings.
A shareholder shall not commence or maintain a derivative proceeding unless the shareholder:
(1)
Was a shareholder of the corporation at the time of the act or omission complained of or became a shareholder through transfer by operation of law from one that was a shareholder at that time; and
(2)
Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.
Collected 2026-08-29T05:44:07Z. Source file · JSON