Which of the following is true of an ordinary merger?

Question

Quizplus · Accepted Answer

In an ordinary merger, the articles of merger must be filed with the secretary of state of the surviving corporation. The recommendation of the board of directors of each corporation may be required, depending on the specific circumstances and applicable laws. The approval of the surviving corporation's shareholders is required if the total voting share increases by more than 20 percent. The affirmative vote of the majority of shares of both corporations is generally required for the merger to be completed, not just the surviving corporation.

Which of the Following Is True of an Ordinary Merger