Identify Which of the Following Statements Is False

question 79

Multiple Choice

Identify which of the following statements is false.

• A) To qualify as a Type C reorganization, the target corporation must be formally dissolved.
• B) In a Type C reorganization, shareholders of the acquiring corporation generally do not have to approve the acquisition.
• C) A Type C reorganization is less flexible than a Type A reorganization because of the solely- for- voting stock requirement of a Type C.
• D) In a Type C reorganization, the acquired corporation must distribute stock, securities, and other property it receives to its shareholders.

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