In a Merger,what Happens to the Property of the Absorbed

question 37

Multiple Choice

In a merger,what happens to the property of the absorbed corporation?

• A) It must be sold and distributed to the absorbed corporation's shareholders.
• B) It must be held in trust for at least one year to satisfy claims of creditors.
• C) It must be held in trust for at least six months to satisfy claims of creditors.
• D) It must be placed within the jurisdiction of the secretary of state for at least one year in order to satisfy claims of creditors.
• E) None of these.

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