District of Columbia Statutes
§ 29-1206.02 — Voting or consent by beneficial owners.
District of Columbia § 29-1206.02
JurisdictionDistrict of Columbia
Title 29Business Organizations. [Enacted title]
Ch. 12Statutory Trusts.
Subch. VIBeneficial Owners.
This text of District of Columbia § 29-1206.02 (Voting or consent by beneficial owners.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
D.C. Code § 29-1206.02 (2026).
Text
On any matter that is to be acted on by beneficial owners, the following rules apply:
(1)The beneficial owners shall act by majority of the beneficial interests.
(2)The beneficial owners may take the action without a meeting, without notice, and without a vote, if beneficial owners having at least the minimum number of votes necessary to authorize or take the action at a meeting at which all beneficial owners entitled to vote thereon were present and voted consent in a signed record. However, prompt notice of the action shall be given to those beneficial owners that did not consent.
(3)A beneficial owner may vote in person or by proxy, but if by proxy, the proxy shall be contained in a signed record.
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Legislative History
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
Nearby Sections
15
§ 29-1001.01
Short title.§ 29-1001.02
Definitions.§ 29-1001.03
Nature of limited cooperative association.§ 29-1001.05
Powers.§ 29-1001.06
Governing law.§ 29-1001.07
Requirements of other laws.§ 29-1001.09
Effect of organic rules.§ 29-1001.10
Required information.§ 29-1001.12
Dual capacity.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 29-1206.02, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/29-1206.02.