Quiz 07.docx - Quiz 07 Which of the following situations...

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Quiz 07Which of the following situations describes a consolidation?ABC Inc. had combined withXYZ Inc., the resulting corporation was named as STU Inc.Statement 1. The rights of creditors or liens upon the property of any of such constituentcorporations shall not be impaired.Statement 2. The constituent corporations shall become a single corporation which shall bethe surviving corporation in consolidation and the consolidated corporation in merger.
Arrange the following steps in order to exercise appraisal rightA. Payment of fair value: andB. Submit a written demand on the corporation within thirty days after the date on which thevote was takenC. Shareholder shall transfer his shares to the corporation.D. Surrender of certificate of stock within 10 days for notationB, D, A, CStatement 1. The surviving or consolidated corporation shall be responsible and liable for all
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Term
Winter
Professor
Goodfaith
Tags
Corporation, XYZ Inc, Non Stock Corporation, resulting corporation

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