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§ 29-305-53 — District of Columbia Law | CourtGPT
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  4. Title 29 - Business Organizations. [Enacted Title]/
  5. Chapter 3 - Business Corporationssub/
  6. Subchapter V - Shareholders/
  7. Part D - Derivative Proceedings§ 29–305.50. Definitions/
  8. § 29-305-53
District of Columbia Legal Code

§ 29-305-53

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53. Stay of proceedings. If the 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 consider appropriate. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.) Section References This section is referenced in § 29-305.57.