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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 29-309.01. Definitions. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-29-309-01/
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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