An absorbed corporation is a(n)
A) term for a company that does not survive a merger.
B) shell of a corporation after bankruptcy.
C) absorbed corporation that the government controls.
D) the surviving corporation in a merger.
E) a term that the SEC uses to force two companies to merge.
Correct Answer:
Verified
Q5: In a consolidation, the surviving corporation does
Q6: Dissolution is the process by which a
Q7: When merger or consolidation is at issue,
Q8: Merger cannot occur between foreign (out-of-state) corporations.
Q9: Shareholder approval is not required for consolidation.
Q11: A merger or consolidation plan must be
Q12: Takeovers to which the management of the
Q13: Federal regulations prohibit the management of target
Q14: Momentum Inc. and Fellows Inc. execute a
Q15: When involuntary dissolution occurs, courts automatically appoint
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