Derivative action.
D.C. Code § 29-1013.01
in effect29-1013.01. Derivative action.
A member may maintain a derivative action in the Superior Court to enforce a right of a limited cooperative association if:
(1)
The member demands that the association bring an action to enforce the right; and
(2)
Any of the following occur:
(A)
The association does not, within 90 days after the member makes the demand, agree to bring the action;
(B)
The association notifies the member that it has rejected the demand;
(C)
Irreparable harm to the association would result by waiting 90 days after the member makes the demand;
(D)
The association agrees to bring an action demanded and fails to bring the action within a reasonable time; or
(E)
A demand under paragraph (1) of this subsection would be futile.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(j)(9)(A), 59 DCR 13171.)
Source: Council of the District of Columbia (code.dccouncil.gov)URL: https://code.dccouncil.gov/us/dc/council/code/sections/29-1013.01Fetched: 10/21/2026