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Merger
In corporation law, traditionally, a transaction by which one corporation acquires another corporation, with the acquiring corporation being owned by the shareholders of both corporations and the acquired corporation going out of existence. Today, loosely applied to any negotiated acquisition of one corporation by another.
Remains Liable
Continues to be legally responsible or obligated.
Debt
An amount of money that is owed or due to be paid, typically as a result of borrowing or a financial agreement.
Minutes
The official written records of the discussions and decisions made during formal meetings.
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