{"data":{"id":"us-dc/d.c.-code-29-305.51","jurisdiction":"us-dc","citation":"D.C. Code § 29-305.51","heading":"Standing.","body":"A shareholder shall not commence or maintain a derivative proceeding unless the shareholder:\n\n(1)\nWas a shareholder of the corporation at the time of the act or omission complained of or became a shareholder through transfer by operation of law from one that was a shareholder at that time; and\n\n(2)\nFairly and adequately represents the interests of the corporation in enforcing the right of the corporation.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 3. Business Corporations.","Subchapter V. Shareholders.","Part D. Derivative Proceedings."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-305.51","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"a2a7430377e537bc7b4675d51f5138024dfcd09c98beaf71e865be26a7cd0e9a","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-305.50","next":"us-dc/d.c.-code-29-305.52"},"notice":"GroundRules: Original legal text. Not legal advice."}