A Short-Form Merger Does Not Require the Approval of the Board

question 43

True/False

A short-form merger does not require the approval of the board of directors of the subsidiary corporation.

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Definitions:

Louisiana Purchase

The acquisition of the Louisiana territory by the United States from France in 1803, dramatically expanding the size of the nation.

Jefferson

Thomas Jefferson, the third President of the United States (1801–1809), principal author of the Declaration of Independence (1776), and one of the most influential Founding Fathers for his promotion of the ideals of republicanism in the United States.

Reluctant

Feeling or showing hesitation or unwillingness.