District Of Columbia § 29-311.14 - Payment.
Full text of District Of Columbia D.C. Code § 29-311.14 — Payment., with citation guidance and answers to common questions.
§ 29-311.14. Payment.
29-311.14Except as otherwise provided in , within 30 days after the form required by is due, the corporation shall pay in cash to those shareholders who complied with the amount the corporation estimates to be the fair value of their shares, plus interest.
The payment to each shareholder pursuant to subsection (a) of this section shall be accompanied by:
The annual financial statements specified in of the corporation that issued the shares to be appraised, which shall be of a date ending not more than 16 months before the date of payment and shall comply with ; provided, that if such annual financial statements are not reasonably available, the corporation shall provide reasonably equivalent financial information, and the latest available quarterly financial statements of such corporation, if any;
A statement of the corporation’s estimate of the fair value of the shares, which estimate shall equal or exceed the corporation’s estimate given pursuant to ;
A statement that shareholders described in subsection (a) of this section have the right to demand further payment under and that if any such shareholder does not do so within the time period specified therein, the shareholder shall be deemed to have accepted such payment in full satisfaction of the corporation’s obligations under this subchapter.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-311.14
What does D.C. Code § 29-311.14 cover?
Section 29-311.14 ("Payment.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 29-311.14?
A common citation format is "D.C. Code § 29-311.14" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 29-311.14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.