Fact Pattern 40-1B
Shrimp Boat Company decides to consolidate its operations with Trawlers, Inc., to form Unique Fishers Corporation .
-Refer to Fact Pattern 40-1B. The terms of the consolidation agreement dif?fer from Shrimp Boat's articles of incor?poration. The articles
A) are replaced by Trawlers' articles of incorporation.
B) are replaced by the consolidation agreement.
C) effectively prevent the consolidation.
D) prevail.

Question

Fact Pattern 40-1B 
Shrimp Boat Company decides to consolidate its operations with Trawlers, Inc., to form Unique Fishers Corporation .
-Refer to Fact Pattern 40-1B. The terms of the consolidation agreement dif?fer from Shrimp Boat's articles of incor?poration. The articles
A) are replaced by Trawlers' articles of incorporation.
B) are replaced by the consolidation agreement.
C) effectively prevent the consolidation.
D) prevail.

Quizplus · Accepted Answer

The consolidation agreement typically replaces the original articles of incorporation of the consolidating companies, as it outlines the new terms and structure for the newly formed entity.