D.C. Code § 29-411.06

Discontinuance or settlement.

Last amended: 2011Year: 2026Length: 53 wordsOfficial source
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 members or a class of members of the nonprofit corporation, the court shall direct that notice be given to the members affected.
D.C. Code § 29-411.06: Discontinuance or settlement. | Justis AI