D.C. Code § 29-411.02

Standing.

Last amended: 2011Year: 2026Length: 91 wordsOfficial source
(a) A derivative proceeding may be brought in the Superior Court by: (1) A member or members having 5% or more of the voting power, or by 50 members, whichever is less; or (2) Any director or member of a designated body. (b) The plaintiff in a derivative proceeding shall be a member, director, or member of a designated body at the time of bringing the proceeding. A plaintiff that is a member shall also have been a member at the time of any action complained of in the derivative proceeding.
D.C. Code § 29-411.02: Standing. | Justis AI