Only the board of directors of the disappearing corporation involved in a merger must approve the merger.

Question

Quizplus · Accepted Answer

In a merger, typically both the board of directors of the disappearing corporation and the board of directors of the surviving corporation must approve the merger. Additionally, shareholders of both companies may also need to approve the merger, depending on the jurisdiction and the specific terms of the merger agreement.

Only the Board of Directors of the Disappearing Corporation Involved