A Sale of Substantially All of the Assets of a Corporation

question 7

True/False

A sale of substantially all of the assets of a corporation in the ordinary course of business of the corporation will not require shareholder approval.

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Definitions:

Sensory Store

The initial process of storing sensory information after it is received, lasting for a very brief period.

Attention

The cognitive process of selectively concentrating on one aspect of the environment while ignoring other things.

Selectively

The act of choosing specific items or data while ignoring others based on certain criteria.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, and experiences.