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§ 29-309-01 — District of Columbia Law | CourtGPT
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  4. Title 29 - Business Organizations. [Enacted Title]/
  5. Chapter 3 - Business Corporationssub/
  6. Subchapter IX - Merger and Share Exchanges§ 29–309.01. Definitions/
  7. § 29-309-01
District of Columbia Legal Code

§ 29-309-01

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