Which of the Following Is Generally False Regarding the Surviving

question 41

Multiple Choice

Which of the following is generally false regarding the surviving entity in a merger situation?

• A) The surviving entity remains a single corporation.
• B) The shareholders of the surviving entity must amend its articles of incorporation according to the specific conditions of the merger.
• C) The surviving entity does not become liable for debts of the absorbed corporation.
• D) The surviving entity obtains the absorbed corporation's assets.
• E) The surviving entity obtains the absorbed corporation's rights, powers, and privileges.

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