Revenue Inc. owns more than 90 percent of the shares of Sales Corporation. A copy of a plan for a merger of Revenue and Sales must be sent to each shareholder of

Name: Revenue Inc. owns more than 90 percent of the shares of Sales Corporation. A copy of a plan for a merger of Revenue and Sales must be sent to each shareholder of
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When one corporation owns more than 90% of another, typically only the minority shareholders of the subsidiary (Sales Corporation) need to be notified of a merger plan.