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

D.C. Code § 29-411.06: Discontinuance or settlement.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 4. Nonprofit Corporations.
  3. Subchapter XI. 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 members or a class of members of the nonprofit corporation, the court shall direct that notice be given to the members affected.

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

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