District of Columbia Statutes
§ 31-4445 — Procedure for consolidating domestic companies.
District of Columbia § 31-4445
This text of District of Columbia § 31-4445 (Procedure for consolidating domestic companies.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
D.C. Code § 31-4445 (2026).
Text
(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
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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
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§ 31-1001
Report requirement.§ 31-1004
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Definitions.§ 31-103
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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.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 31-4445, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-4445.