{"data":{"id":"us-dc/d.c.-code-29-1206.10","jurisdiction":"us-dc","citation":"D.C. Code § 29-1206.10","heading":"Derivative action by beneficial owner.","body":"A beneficial owner may maintain a derivative action to enforce a right of a statutory trust if:\n\n(1)\nThe beneficial owner first makes a demand on the trustees, requesting that the trustees cause the trust to bring an action to redress the injury or enforce the right, and the trustees do not bring the action within a reasonable time; or\n\n(2)\nA demand would be futile.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 12. Statutory Trusts.","Subchapter VI. Beneficial Owners."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-1206.10","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"9918e5766b95ad5d6fda98218e095247e2365c27b94bc44448eb6fa1d091c33d","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1206.09","next":"us-dc/d.c.-code-29-1206.11"},"notice":"GroundRules: Original legal text. Not legal advice."}