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Fact Pattern 41-3​ DIY Fasteners Company Decides to Consolidate Its Operations with Evergrip

Question 37

Multiple Choice

Fact Pattern 41-3​
DIY Fasteners Company decides to consolidate its operations with Evergrip Studs, Inc., to form Fit-Rite Bolts & Screws Inc.
-Refer to Fact Pattern 41-3. Evergrip had rights in certain property. After the consolidation, Fit-Rite acquires the rights​


A) ​automatically.
B) ​only after completing certain additional statutory procedures.
C) only if Evergrip's former shareholders expressly approve.
D) only if the acquisition is a specified result of the consolidation.

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