16- Which of the following statements is true regarding a statutory merger?

A- The acquiring company acquires the stock of the acquired company as an investment.

B- The acquired company dissolves as a separate corporation and becomes a division of the acquiring company.

C- The original companies dissolve while remaining as separate divisions of a newly created company.

D- Both companies remain in existence as legal corporations with one corporation now a subsidiary of the acquiring company.

E- A statutory merger is no longer a legal option.

17- Which of the following statements is true regarding a statutory consolidation?

A- Both companies remain in existence as legal corporations with one corporation now a subsidiary of the acquiring company.

B- A statutory consolidation is no longer a legal option.

C- The acquiring company acquires the stock of the acquired company as an investment.

D- The original companies dissolve while remaining as separate divisions of a newly created company.

E- The acquired company dissolves as a separate corporation and becomes a division of the acquiring company.