D.C. Code § 29-411.03: Demand.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 4. Nonprofit Corporations.
- Subchapter XI. Derivative Proceedings.
A person shall not commence a derivative proceeding until:
(1)
A demand in the form of a record has been delivered to the nonprofit corporation to take suitable action; and
(2)
Ninety days have expired from the date the demand was effective unless:
(A)
The person has earlier been notified that the demand has been rejected by the corporation; or
(B)
Irreparable injury to the corporation would result by waiting for the expiration of the 90-day period.
Collected 2026-08-29T05:44:07Z. Source file · JSON