District of Columbia Statutes

§ 31-4448 — Merger or consolidation — Procedures before voting.

District of Columbia § 31-4448
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 44Domestic Life Companies.

This text of District of Columbia § 31-4448 (Merger or consolidation — Procedures before voting.) 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 § 31-4448 (2026).

Text

(1)After approval from the Mayor, the board of directors shall, by resolution, direct that the plan of merger or of consolidation be voted upon at a meeting of the shareholders, the members, or the policyholders of record and entitled to vote.
(2)The vote may be conducted at either an annual or a special meeting.
(b)Written notice shall be delivered at least 20 days before the meeting, either personally or by mail, to each shareholder, member, or policyholder.
(c)The notice shall state the place, the time, and the purpose of the meeting, and a copy or a summary of the plan of merger or of consolidation shall be delivered with the notice.
(d)The notice shall also summarize dissenting shareholders’ rights under § 31-4450 .

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Legislative History

June 19, 1934, ch. 672, ch. III, § 47; as added Mar. 14, 1985, D.C. Law 5-160, § 3(c), 32 DCR 39

Nearby Sections

15
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Bluebook (online)
District of Columbia § 31-4448, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-4448.