{"data":{"id":"us-dc/d.c.-code-29-1206.11","jurisdiction":"us-dc","citation":"D.C. Code § 29-1206.11","heading":"Proper plaintiff.","body":"A derivative action to enforce a right of a statutory trust may be maintained only by a person that is a beneficial owner at the time the action is commenced and:\n\n(1)\nWas a beneficial owner when the conduct giving rise to the action occurred; or\n\n(2)\nWhose status as a beneficial owner devolved upon the person by operation of law or pursuant to the terms of the governing instrument from a person that was a beneficial owner at the time of the conduct.","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/29-1206.11","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"a8cf2527780daf0756745e8d1197622fdcb03a2d8636ce9857b68c6892a4f51d","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1206.10","next":"us-dc/d.c.-code-29-1206.12"},"notice":"GroundRules: Original legal text. Not legal advice."}