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.

---

Definitions:

Writing Requirement

A legal stipulation that certain contracts must be in written form to be enforceable.

Modern Firms

Contemporary companies characterized by their innovative approaches, adaptation to technology, and modern organizational structures.

Foreign Countries

Nations or territories outside of one's own country's jurisdiction, often governed by distinct legal systems and cultural practices.

Agency Importance

The significance of an agency relationship where one party (the agent) is authorized to act on behalf of another (the principal) in dealings with third parties.