A few states and the 1999 amendments to the Revised Act contain provisions authorizing a corporation to merge or convert into another type of business organization, referred to as an eligible entity. Which of the following is NOT an eligible entity?

Question

A few states and the 1999 amendments to the Revised Act contain provisions authorizing a corporation to merge or convert into another type of business organization, referred to as an eligible entity.  Which of the following is NOT an eligible entity?

Quizplus · Accepted Answer

A foreign for-profit corporation is not considered an eligible entity for conversion or merger under the provisions mentioned, as these typically apply to domestic entities.

A Few States and the 1999 Amendments to the Revised