If the nonprofit corporation commences an inquiry into the allegations made in the demand or complaint, the Superior Court may stay any derivative proceeding for such period as the court considers appropriate.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
This section is referenced in § 29-411.08.
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 4 - Nonprofit Corporations
Subchapter XI - Derivative Proceedings
§ 29–411.04. Stay of proceedings
§ 29–411.06. Discontinuance or settlement
§ 29–411.07. Security for costs; payment of expenses