Definitions.
For the purposes of this subchapter, the term: “Acquired corporation” means the domestic or foreign corporation whose shares are acquired in a share exchange. “Acquiring corporation” means the domestic or foreign corporation that acquires shares in a share exchange. “Merger” means a business combination pursuant to § 29-309.02. “Party to a merger” or “party to a share exchange” means any domestic or foreign corporation that will: Merge under a plan of merger; Acquire shares of another corporation or an eligible entity in a share exchange; or Have all of its shares or all of one or more classes or series of its shares acquired in a share exchange. “Share exchange” means a business combination pursuant to § 29-309.03. “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.
Annotations
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
Sourced from the DC Council Open Law Library (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.