A short-form merger does not require the approval of the board of directors of the subsidiary corporation.

Name: A short-form merger does not require the approval of the board of directors of the subsidiary corporation.
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Quizplus · Accepted Answer

In a short-form merger, the parent company can directly merge with its subsidiary without the need for approval from the board of directors of the subsidiary corporation. This is because the parent company already owns a majority of the subsidiary's stock.

A Short-Form Merger Does Not Require the Approval of the Board