Which of the following is true regarding state approval of mergers?
A) After reviewing the plan to see that legal requirements are met,the secretary of state issues a certificate to grant approval.
B) The secretary of state must approve mergers so long as creditors of the corporate entity at issue do not remain unpaid.
C) The secretary of state must approve mergers so long as no more than 10% of either company's shareholders object.
D) The secretary of state must approve mergers so long as corporate entity at issue has sufficient assets.
E) There is no requirement that the state approve mergers.
Correct Answer:
Verified
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