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    • Legislation USA
    • District of Columbia Code
    • Title 29 - Business Organizations. [Enacted title]
    • Chapter 12 - Statutory Trusts
    • Subchapter VI - Beneficial Owners
    • § 29–1206.12. Pleading

    District of Columbia Code
    Subchapter VI - Beneficial Owners
    § 29–1206.12. Pleading

    In a derivative action to enforce a right of a statutory trust, the complaint shall state with particularity the:
    (1) Date and content of the plaintiff’s demand and the trustees’ response to the demand; or
    (2) Reason the demand should be excused as futile.
    (Mar. 5, 2013, D.C. Law 19-210, § 2(l)(7)(G), 59 DCR 13171.)
    Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.

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    Structure District of Columbia Code

    District of Columbia Code

    Title 29 - Business Organizations. [Enacted title]

    Chapter 12 - Statutory Trusts

    Subchapter VI - Beneficial Owners

    § 29–1206.01. Beneficial interest

    § 29–1206.02. Voting or consent by beneficial owners

    § 29–1206.03. Contribution by beneficial owner

    § 29–1206.04. Distribution to beneficial owner

    § 29–1206.05. Redemption of beneficial interest

    § 29–1206.06. Transfer of beneficial interest

    § 29–1206.07. Transaction with beneficial owner

    § 29–1206.08. Beneficial owner’s right to information

    § 29–1206.09. Direct action by beneficial owner

    § 29–1206.10. Derivative action by beneficial owner

    § 29–1206.11. Proper plaintiff

    § 29–1206.12. Pleading

    § 29–1206.13. Proceeds and expenses

    § 29–1206.14. Special litigation committee

    § 29–1206.15. Limitations on distributions

    § 29–1206.16. Liability for improper distributions

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