In a(n) ________, shareholders of the new corporation create new articles of incorporation called articles of consolidation.
A) incorporation
B) merger
C) consolidation
D) bankruptcy
E) renewal

Question

Quizplus · Accepted Answer

In a consolidation, shareholders of the merging companies create new articles of incorporation, known as articles of consolidation, to form a new corporation. This distinguishes it from a merger, where one company absorbs another and continues to exist.

In A(n) ________, Shareholders of the New Corporation Create New