Merger or consolidation — Approval by Mayor.
The plan of merger or of consolidation and the filings required by § 31-5803 shall be mailed to shareholders, to members, or to policyholders of the domestic merging and consolidating companies, and shall be filed with the Mayor according to § 31-5803 [repealed]. A life company aggrieved by the Mayor’s decision to disapprove a plan of merger or of consolidation with the Mayor under subsection (a) of this section shall have the rights, under § 31-5803 [repealed], to judicial review of the decision.
Annotations
June 19, 1934, ch. 672, ch. III, § 46 as added Mar. 14, 1985, D.C. Law 5-160, § 3(c), 32 DCR 39 Subsection (b) of this section is set forth above as it appears in D.C. Law 5-160. The word “filed” should probably appear following “consolidation.”. Section 31-5803, referred to in (a) and (b), was repealed by § 17 of D.C. Law 10-44, effective Oct. 21, 1993. 1981 Ed., § 35-644.
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.