Multiple Choice
Burgers Inc. merges with Chicken Corporation with Burgers as the surviving corporation. After the merger, the shareholders of Chicken
A) will be paid out or will own shares of Burgers.
B) will be creditors of Burgers.
C) will lose their investment value in Chicken.
D) will have the option of becoming employees of Burgers in order to receive their value.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Dissolution of a corporation can be brought
Q35: One corporation that owns all of the
Q42: Appraisal rights do not normally apply to
Q58: When dissolution takes place by voluntary action,
Q60: No state allows the combination of a
Q61: Dissolution of a corporation can be initiated
Q62: In a consolidation, the newly formed corporation
Q63: All states have statutes authorizing consolidations of
Q66: Fact Pattern 31-2 Dynamo Corporation combines its
Q70: Garden Company and Home Corporation make a