Fact Pattern 31-3 Bank Company Decides to Combine Its Operations

question 20

Multiple Choice

Fact Pattern 31-3 Bank Company decides to combine its operations with Credit Corporation to form Debit Finance Inc. Bank and Credit are domestic corporations.
Refer to Fact Pattern 31-3. The plan for Bank and Credit's combination must be approved by the board of directors of

• A) both corporations.
• B) Bank only.
• C) Credit only.
• D) neither corporation.

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