District Of Columbia § 29-311.50 - Other remedies limited.
Full text of District Of Columbia D.C. Code § 29-311.50 — Other remedies limited., with citation guidance and answers to common questions.
§ 29-311.50. Other remedies limited.
29-311.50The legality of a proposed or completed corporate action described in shall not be contested and the corporate action shall not be enjoined, set aside, or rescinded, in a legal or equitable proceeding by a shareholder after the shareholders have approved the corporate action.
Was not authorized and approved in accordance with the applicable provisions of:
Subchapter VII, VIII, IX, or X of this chapter;
The articles of incorporation or bylaws; or
The resolution of the board of directors authorizing the corporate action;
Was procured as a result of fraud, a material misrepresentation, or an omission of a material fact necessary to make statements made, in light of the circumstances in which they were made, not misleading;
Is an interested transaction, unless it has been recommended by the board of directors in the same manner as is provided in and has been approved by the shareholders in the same manner as is provided in as if the interested transaction were a director’s conflicting interest transaction; or
Is approved by less than unanimous consent of the voting shareholders pursuant to if:
The challenge to the corporate action is brought by a shareholder that did not consent and as to which notice of the approval of the corporate action was not effective at least 10 days before the corporate action was effected; and
The proceeding challenging the corporate action is commenced within 10 days after notice of the approval of the corporate action is effective as to the shareholder bringing the proceeding.
Subsection (a) of this section shall not apply to a corporate action that:
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-311.50
What does D.C. Code § 29-311.50 cover?
Section 29-311.50 ("Other remedies limited.") 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 § 29-311.50?
A common citation format is "D.C. Code § 29-311.50" (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 § 29-311.50 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.