District Of Columbia § 29-307.05 - Effect of domestication.
Full text of District Of Columbia D.C. Code § 29-307.05 — Effect of domestication., with citation guidance and answers to common questions.
§ 29-307.05. Effect of domestication.
29-307.05When a domestication becomes effective:
The title to all real and personal property, both tangible and intangible, of the corporation shall remain in the corporation without reversion or impairment;
The liabilities of the corporation shall remain the liabilities of the corporation;
An action or proceeding pending against the corporation shall continue against the corporation as if the domestication had not occurred;
The articles of domestication, or the articles of incorporation attached to the articles of domestication, shall constitute the articles of incorporation of a foreign corporation domesticating in the District;
The shares of the corporation shall be reclassified into shares, other securities, obligations, rights to acquire shares or other securities, or into cash or other property in accordance with the terms of the domestication, and the shareholders shall be entitled only to the rights provided by those terms and to any appraisal rights they may have under the organic law of the domesticating corporation; and
The corporation shall be deemed to:
Be incorporated under and subject to the organic law of the domesticated corporation for all purposes;
Be the same corporation without interruption as the domesticating corporation; and
Have been incorporated on the date the domesticating corporation was originally incorporated.
When a domestication of a domestic business corporation in a foreign jurisdiction becomes effective:
In a proceeding to enforce the rights of shareholders that exercise appraisal rights in connection with the domestication, service of process may be made on the foreign business corporation in accordance with ; and
The foreign business corporation shall be deemed to agree that it will promptly pay the amount, if any, to which such shareholders are entitled under .
The owner liability of a shareholder in a foreign corporation that is domesticated in the District shall be as follows:
The domestication shall not discharge any owner liability under the laws of the foreign jurisdiction to the extent any such owner liability arose before the effective time of the articles of domestication.
The shareholder shall not have owner liability under the laws of the foreign jurisdiction for any debt, obligation, or liability of the corporation that arises after the effective time of the articles of domestication.
The laws of the foreign jurisdiction shall continue to apply to the collection or discharge of any owner liability preserved by paragraph (1) of this subsection, as if the domestication had not occurred.
The shareholder shall have whatever rights of contribution from other shareholders are provided by the laws of the foreign jurisdiction with respect to any owner liability preserved by paragraph (1) of this subsection, as if the domestication had not occurred.
A shareholder that becomes subject to owner liability for some or all of the debts, obligations, or liabilities of the corporation as a result of its domestication in the District shall have owner liability only for those debts, obligations, or liabilities of the corporation that arise after the effective time of the articles of domestication.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-307.05
What does D.C. Code § 29-307.05 cover?
Section 29-307.05 ("Effect of domestication.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 29-307.05?
A common citation format is "D.C. Code § 29-307.05" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 29-307.05 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.