Many Partnerships Provide for the Admission of New Partners or Withdrawals

question 134

True/False

Many partnerships provide for the admission of new partners or withdrawals of present partners by amending existing partnership agreements, so that the firm may continue to operate without executing a new agreement.

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Definitions:

Short-Form Merger

A process where a parent company merges with a subsidiary company without needing the approval of the subsidiary's shareholders.

Appraisal Rights

The rights of a corporation's minority shareholders to have a judicial assessment of the fairness of a proposed transaction, typically a merger or acquisition.

Parent's Minority Shareholders

Individuals or entities that hold a smaller, non-controlling percentage of shares in the parent company.

Going Private Transaction

A process in which a publicly traded company is transformed into a privately held entity, usually by a buyout.