A short-form merger between a parent corporation and its subsidiary only requires the approval of ________.

Question

Quizplus · Accepted Answer

A short-form merger only requires approval from the board of directors of the parent corporation, as the subsidiary is wholly owned by the parent company. Shareholder approval is not necessary in this type of merger. Therefore, neither A nor B are correct. Likewise, the board of directors of the subsidiary corporation is not required to approve the merger, making D an incorrect option.

A Short-Form Merger Between a Parent Corporation and Its Subsidiary