Stacia,a shareholder in ZipCorp,learns that ZipCorp's Board of Directors have voted for ZipCorp to merge with ZenCorp.Stacia objects to the merger because the shareholders did not vote to approve the merger.Under which of the following scenarios would a shareholder,like Stacia,not have a right to vote for a merger?
A) If ZenCorp owns at least 90% of the outstanding shares of ZipCorp stock.
B) If the FCC approved ZenCorp's plan.
C) If ZenCorp owned at least three-fifths of ZipCorp's stock.
D) If ZenCorp were a foreign corporation.
E) If ZipCorp were a foreign corporation.
Correct Answer:
Verified
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