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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) After each constituent limited cooperative association has approved a merger, articles of merger shall be signed on behalf of each constituent association by an authorized representative.
(b) The articles of merger shall include:
(1) The name of each constituent limited cooperative association and the jurisdiction under the laws of which it is organized;
(2) The name of the surviving limited cooperative association, the jurisdiction under the laws of which it is organized, and, if the surviving association is created by the merger, a statement to that effect;
(3) The date the merger is to be effective;
(4) If the surviving association is to be created by the merger and will be a domestic limited cooperative association, the limited cooperative association's articles of organization;
(5) If the surviving association is not created by the merger and is a domestic limited cooperative association, any amendments provided for in the plan of merger to its articles of organization;
(6) A statement as to each constituent association that the merger was approved as required by its organic law;
(7) If the surviving association is a foreign cooperative not authorized to do business in the District, the street address and, if different, mailing address of an office which the Mayor may use for the purposes of § 29-104.12; and
(8) Any additional information required by the organic law of any constituent association.
(c) Each limited cooperative association that is a party to a merger shall deliver the articles of merger to the Mayor for filing.
(d) A merger shall be effective under this subchapter upon the later of:
(1) Compliance with subsection (c) of this section; or
(2) Subject to § 29-102.03, as specified in the articles of merger.
Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 29-1015.05. Filings required for merger; effective date. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-29-1015-05/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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