Which of the Following Is True Regarding State Approval of Mergers

question 85

Multiple Choice

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

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

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Definitions:

Passion

Intense, driving, or overmastering feeling of enthusiasm or desire for something.

Obsession

Obsession is an intense or excessive preoccupation with a particular idea, object, or activity.

Effective Discipline

An approach to managing behavior that is focused on teaching and guiding rather than punishment, aiming to promote self-control and appropriate conduct.

Clear Guidelines

Explicitly stated and easily understandable rules or instructions designed to direct behavior or processes.