Current through codified legislation effective September 18, 2024
Section 29-309.01 - DefinitionsFor 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.