For the purposes of this subchapter, the term:

1. (1) “Acquired corporation” means the domestic or foreign corporation whose shares are acquired in a share exchange.
2. (2) “Acquiring corporation” means the domestic or foreign corporation that acquires shares in a share exchange.
3. (3) “Merger” means a business combination pursuant to § 29-309.02.

4. (4) “Party to a merger” or “party to a share exchange” means any domestic or foreign corporation that will:

   1. (A) Merge under a plan of merger;
   2. (B) Acquire shares of another corporation or an eligible entity in a share exchange; or
   3. (C) Have all of its shares or all of one or more classes or series of its shares acquired in a share exchange.
5. (5) “Share exchange” means a business combination pursuant to § 29-309.03.
6. (6) “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.

History

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720