{"data":{"id":"us-dc/d.c.-code-29-305.55","jurisdiction":"us-dc","citation":"D.C. Code § 29-305.55","heading":"Discontinuance or settlement.","body":"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 corporation’s shareholders or a class of shareholders, the court shall direct that notice be given to the shareholders affected.","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/29-305.55","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"5c73ea4e660e31843001ac063f7cccb9eb5777be75baf792913fd75b27671ecd","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-305.54","next":"us-dc/d.c.-code-29-305.56"},"notice":"GroundRules: Original legal text. Not legal advice."}