Fact Pattern 31-3 Bank Company decides to combine its operations with Credit Corporation to form Debit Finance Inc. Bank and Credit are domestic corporations.
Refer to Fact Pattern 31-3. Mergers, consolidations, and share exchanges of domestic corporations are authorized
A) in all states.
B) in most states.
C) in no states.
D) by the federal government.

Question

Quizplus · Accepted Answer

Mergers, consolidations, and share exchanges of domestic corporations are authorized in all states as part of state corporate law regulations.

Fact Pattern 31-3 Bank Company Decides to Combine Its Operations