A sale of substantially all of the assets of a corporation that is in the ordinary course of business of the corporation will not require shareholder approval.

Question

Quizplus · Accepted Answer

The sale of substantially all of the assets of a corporation that is in the ordinary course of business typically does not require shareholder approval because it is considered part of the normal operations managed by the directors and officers of the corporation.

A Sale of Substantially All of the Assets of a Corporation