{"data":{"id":"us-dc/d.c.-code-29-1301.05","jurisdiction":"us-dc","citation":"D.C. Code § 29-1301.05","heading":"Election of status.","body":"(a)\nAn existing business corporation may become a benefit corporation under this chapter by amending its articles of incorporation so that they contain, in addition to the requirements of § 29-308.01, a statement that the corporation is a benefit corporation. To be effective, the amendment must be adopted by at least the minimum status vote.\n\n(b)\n(1)\nThis subsection applies if all of the following apply:\n(A)\nAn entity that is not a benefit corporation is:\n(i)\nA party to a merger or consolidation; or\n(ii)\nThe exchanging entity in a share exchange; and\n(B)\nThe surviving, new, or resulting entity in the merger, consolidation, or share exchange is to be a benefit corporation.\n(2)\nTo be effective, a plan of merger, consolidation or share exchange subject to this subsection must be adopted by at least the minimum status vote.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 13. Benefit Corporations.","Subchapter I. Preliminary Provisions."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-1301.05","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"2c38c65e35ddd01c3f0f001a626b095b039f663cc4a067429c2f0931428c5311","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1301.04","next":"us-dc/d.c.-code-29-1301.06"},"notice":"GroundRules: Original legal text. Not legal advice."}