District Of Columbia § 29-311.15 - After-acquired shares.
Full text of District Of Columbia D.C. Code § 29-311.15 — After-acquired shares., with citation guidance and answers to common questions.
§ 29-311.15. After-acquired shares.
29-311.15A corporation may elect to withhold payment required by from any shareholder that was required to, but did not, certify that beneficial ownership of all of the shareholder’s shares for which appraisal rights are asserted was acquired before the date set forth in the appraisal notice sent pursuant to .
If the corporation elected to withhold payment under subsection (a) of this section, it shall, within 30 days after the form required by is due, notify all shareholders described in subsection (a) of this section:
Of the information required by ;
Of the corporation’s estimate of fair value pursuant to ;
That they may accept the corporation’s estimate of fair value, plus interest, in full satisfaction of their demands or demand appraisal under ;
That those shareholders that wish to accept such offer shall so notify the corporation of their acceptance of the corporation’s offer within 30 days after receiving the offer; and
That those shareholders that do not satisfy the requirements for demanding appraisal under shall be deemed to have accepted the corporation’s offer.
Within 10 days after receiving the shareholder’s acceptance pursuant to subsection (b) of this section, the corporation shall pay in cash the amount it offered under subsection (b)(2) of this section to each shareholder that agreed to accept the corporation’s offer in full satisfaction of the shareholder’s demand.
Within 40 days after sending the notice described in subsection (b) of this section, the corporation shall pay in cash the amount it offered to pay under subsection (b)(2) of this section to each shareholder described in subsection (b)(5) of this section.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-311.15
What does D.C. Code § 29-311.15 cover?
Section 29-311.15 ("After-acquired shares.") 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 § 29-311.15?
A common citation format is "D.C. Code § 29-311.15" (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 § 29-311.15 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.