Which of the Following Is True Regarding State Approval of Consolidations

question 90

Multiple Choice

Which of the following is true regarding state approval of consolidations?

• A) There is no requirement that the state approve consolidations.
• B) After reviewing the plan to see that legal requirements are met, the secretary of state issues a certificate to grant approval.
• C) The secretary of state must approve consolidations so long as the corporate entity at issue has sufficient assets.
• D) The secretary of state must approve consolidations so long as creditors of the corporate entity at issue do not remain unpaid.
• E) The secretary of state must approve consolidations so long as no more than 10% of either company's shareholders object.

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Definitions:

Gene Expression

The process by which information from a gene is used to synthesize a functional gene product, often proteins, influencing the cell's structure and function.

Phenotype

The collection of traits that can be seen in a person, which emerge from the way their genetic makeup interacts with their surroundings.

Protein Activation

The process by which proteins are enabled to perform their specific biological functions, often through structural changes or binding to other molecules.

Biochemistry

The branch of science concerned with the chemical and physicochemical processes that occur within living organisms.