District Of Columbia § 29-311.16 - Procedure if shareholder dissatisfied with payment or offer.
Full text of District Of Columbia D.C. Code § 29-311.16 — Procedure if shareholder dissatisfied with payment or offer., with citation guidance and answers to common questions.
§ 29-311.16. Procedure if shareholder dissatisfied with payment or offer.
29-311.16A shareholder paid pursuant to that is dissatisfied with the amount of the payment shall notify the corporation in writing of that shareholder’s estimate of the fair value of the shares and demand payment of that estimate plus interest, less any payment under . A shareholder offered payment under that is dissatisfied with that offer shall reject the offer and demand payment of the shareholder’s stated estimate of the fair value of the shares plus interest.
A shareholder that fails to notify the corporation in writing of that shareholder’s demand to be paid the shareholder’s stated estimate of the fair value plus interest under subsection (a) of this section within 30 days after receiving the corporation’s payment or offer of payment under or , respectively, waives the right to demand payment under this section and is entitled only to the payment made or offered pursuant to those respective sections.
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Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-311.16
What does D.C. Code § 29-311.16 cover?
Section 29-311.16 ("Procedure if shareholder dissatisfied with payment or offer.") 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 § 29-311.16?
A common citation format is "D.C. Code § 29-311.16" (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 § 29-311.16 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.