The approval of the surviving corporation's shareholders is not required if the merger or share exchange increases the number of voting shares of the surviving corporation by 20 percent or less.

Question

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According to many state corporation laws, in most cases, the approval of the surviving corporation's shareholders is not required if the merger or share exchange increases the number of voting shares of the surviving corporation by 20 percent or less. However, it is important to note that laws may vary from state to state and specific provisions may apply in different circumstances.

The Approval of the Surviving Corporation's Shareholders Is Not Required