02. Plan of interest exchange. (a) A domestic entity may be the acquired entity in an interest exchange under this subchapter by approving a plan of interest exchange. The plan shall be in a record and contain: (1) The name and type of entity of the acquired entity; (2) The name, jurisdiction of formation, and type of the acquiring entity; (3) The manner of converting the interests in the acquired entity into interests, securities, obligations, rights to acquire interests or securities, money, or other property, or any combination of the foregoing; (4) Any proposed amendments to the public organic record, if any, or private organic rules that are, or are proposed to be, in a record of the acquired entity; (5) The other terms and conditions of the interest exchange; and (6) Any other provision required by the law of the District or the organic rules of the acquired entity. (b) A plan of interest exchange may contain any other provision not prohibited by law. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(b)(12), 59 DCR 13171.) Section References This section is referenced in § 29-201.02. Effect of Amendments The 2013 amendment by D.C. . Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(b)(12), 59 DCR 13171.) Section References This section is referenced in § 29-201.02. Effect of Amendments The 2013 amendment by D.C. Law 19-210 inserted 'of entity' following 'type' in (a)(1); substituted 'formation, and type' for 'organization, and type' in (a)(2); substituted 'money' for 'cash' in (a)(3); and substituted 'record, if any' for 'document' in (a)(4). Editor's Notes Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
District of Columbia Legal Code