Which of the Following Is True of an Ordinary Merger

question 98

Multiple Choice

Which of the following is true of an ordinary merger?

• A) The recommendation of the board of directors of each corporation is not required.
• B) The articles of merger must be filed with the secretary of state of the surviving corporation.
• C) The approval of the surviving corporation's shareholders is required if the total voting share increases by 20 percent.
• D) The affirmative vote of the majority of shares of only the surviving corporation is required.

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Definitions:

Virginia Plan

A suggestion from delegates from Virginia for a two-chambered legislative body during the creation of the United States Constitution in 1787.

National Government

Refers to the organization through which political authority is exercised at the national level, encompassing all branches and levels of governance.

Veto

The power of a president or governor to reject a bill proposed by a legislature, effectively preventing it from becoming law without further legislative action.

State Legislation

Laws and statutes that are enacted by the legislative bodies of individual states within a federal system, addressing issues within the state's jurisdiction.