D.C. Code § 29-309.01

Current through codified legislation effective October 30, 2024

Section 29-309.01 - Definitions

For the purposes of this subchapter, the term:

(1) "Acquired corporation" means the domestic or foreign corporation whose shares are acquired in a share exchange.

(2) "Acquiring corporation" means the domestic or foreign corporation that acquires shares in a share exchange.

(3) "Merger" means a business combination pursuant to § 29-309.02.

(4) "Party to a merger" or "party to a share exchange" means any domestic or foreign corporation that will:

(A) Merge under a plan of merger;

(B) Acquire shares of another corporation or an eligible entity in a share exchange; or

(C) Have all of its shares or all of one or more classes or series of its shares acquired in a share exchange.

(5) "Share exchange" means a business combination pursuant to § 29-309.03.

(6) "Survivor" in a merger means the corporation into which one or more other corporations are merged. A survivor of a merger may preexist the merger or be created by the merger.

D.C. Code § 29-309.01

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.