District Of Columbia § 31-4443 - Effect of merger or consolidation.
Full text of District Of Columbia D.C. Code § 31-4443 — Effect of merger or consolidation., with citation guidance and answers to common questions.
§ 31-4443. Effect of merger or consolidation.
31-4443When a merger or consolidation has been completed, the merging or consolidating companies shall be a single company.
For a merger, the single company shall be the 1 designated in the plan as the surviving company and, for a consolidation, shall be the new company described in the plan.
The separate existence of the merging or consolidating companies shall cease.
The surviving or new company shall have the rights, the privileges, the immunities, and the powers and shall be subject to the duties and liabilities of a life company organized under this subdivision.
The surviving or the new company shall have the rights, the privileges, the immunities, and the franchises of each of the merging or consolidating companies.
All property interests, debts, claims, or other interests belonging to the merging or the consolidating companies shall be transferred automatically to the single company.
Realty interests vested in the merging or the consolidating companies shall not revert or be impaired because of the merger or the consolidation.
The surviving or the new company shall be responsible for obligations of the merging or the consolidating companies.
A claim involving 1 of the merging or consolidating companies may be litigated as though the merger or the consolidation had not taken place or with the single company replacing the merging or the consolidating company.
Neither the rights of creditors nor any liens upon the property of a merging or consolidating company shall be impaired by the merger or the consolidation.
For a merger, the articles of incorporation of the surviving company shall be considered amended to the extent that the articles of merger described changes in the articles of incorporation.
For a consolidation, articles of consolidation provisions required or permitted in the articles of incorporation of life companies shall be considered the articles of incorporation of the new company.
The aggregate amount of the net assets of the merging or the consolidating companies available for the payment of dividends immediately before the merger or the consolidation, to the extent that the amount cannot be transferred to stated capital, shall continue to be available for the payment of dividends by the surviving or the new company.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-4443
What does D.C. Code § 31-4443 cover?
Section 31-4443 ("Effect of merger or consolidation.") 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 § 31-4443?
A common citation format is "D.C. Code § 31-4443" (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 § 31-4443 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.