In a statutory merger, the acquiring company assumes the assets and liabilities of the target firm in accordance with the prevailing federal government statutes.

Name: In a statutory merger, the acquiring company assumes the assets and liabilities of the target firm in accordance with the prevailing federal government statutes.
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In a statutory merger, the acquiring company assumes the assets and liabilities of the target firm in accordance with state laws, not federal government statutes.

In a Statutory Merger, the Acquiring Company Assumes the Assets