District of Columbia Statutes
§ 31-4445 — Procedure for consolidating domestic companies.
(a)Two or more domestic life companies may consolidate into a new company.
(b)To consolidate, the board of directors of each consolidating company, by resolution adopted by majority vote of the members of the boards, shall approve a plan of consolidation listing the following:
(1)The names of the companies proposing to consolidate.
(2)The name of the new company into which they propose to consolidate.
(3)The terms and conditions of the proposed consolidation.
(4)The manner and the basis of converting the shares or memberships of each company into:
(A)Shares, memberships, or other securities of the new company.
(B)Shares or other securities of another company.
(C)Cash or property.
(5)The articles of incorporation for domestic companies organized unde
Free access — add to your briefcase to read the full text and ask questions with AI
District of Columbia § 31-4445 (Procedure for consolidating domestic companies.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
June 19, 1934, ch. 672, ch. III, § 44; as added Mar. 14, 1985, D.C. Law 5-160, § 3(c), 32 DCR 39
Nearby Sections
15
§ 31-1001
Report requirement.§ 31-1004
Confidentiality.§ 31-101
Definitions.§ 31-103
Functions and duties.§ 31-105
Transfers.§ 31-106
Organization.§ 31-106.01
Student Loan Ombudsman.§ 31-106.02a
Prohibited conduct – student loan servicers.§ 31-106.02b
Affirmative duties – student loan servicers.§ 31-106.02c
Prohibited acts – private education lenders.