D.C. Code § 29-305.55
Current through codified emergency legislation effective July 18, 2024
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.
D.C. Code § 29-305.55