District of Columbia Statutes
§ 29-1206.10 — Derivative action by beneficial owner.
District of Columbia § 29-1206.10
JurisdictionDistrict of Columbia
Title 29Business Organizations. [Enacted title]
Ch. 12Statutory Trusts.
Subch. VIBeneficial Owners.
This text of District of Columbia § 29-1206.10 (Derivative action by beneficial owner.) 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 § 29-1206.10 (2026).
Text
A beneficial owner may maintain a derivative action to enforce a right of a statutory trust if:
(1)The beneficial owner first makes a demand on the trustees, requesting that the trustees cause the trust to bring an action to redress the injury or enforce the right, and the trustees do not bring the action within a reasonable time; or
(2)A demand would be futile.
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Legislative History
Mar. 5, 2013, D.C. Law 19-210, § 2(l)(7)(G), 59 DCR 13171
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 § 29-1206.10, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/29-1206.10.