GroundRules
D.C. Code § 29-305.55: Discontinuance or settlement.
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 derivative proceeding shall not be discontinued or settled without the Superior Court’s approval. If the court determines that a proposed discontinuance or settlement will substantially affect the interests of the corporation’s shareholders or a class of shareholders, the court shall direct that notice be given to the shareholders affected.
Collected 2026-08-29T05:44:07Z. Source file · JSON