§ 31-4447. Merger or consolidation--Approval by Mayor.

Current through October 23, 2012

(a) The plan of merger or of consolidation and the filings required by § 31- 5803 shall be mailed to shareholders, to members, or to policyholders of the domestic merging and consolidating companies, and shall be filed with the Mayor according to § 31-5803.

(b) A life company aggrieved by the Mayor's decision to disapprove a plan of merger or of consolidation with the Mayor under subsection (a) of this section shall have the rights, under § 31-5803, to judicial review of the decision.

                
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(June 19, 1934, ch. 672, ch. III, § 46, as added Mar. 14, 1985, D.C. Law 5- 160, § 3(c), 32 DCR 39.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 35-644.

Legislative History of Laws

For legislative history of D.C. Law 5-160, see Historical and Statutory Notes following § 31-4443

References in Text

Section 31-5803, referred to in (a) and (b), was repealed by § 17 of D.C. Law 10-44, effective Oct. 21, 1993.

Editor's Notes

Subsection (b) of this section is set forth above as it appears in D.C. Law 5- 160. The word "filed" should probably appear following "consolidation.".