1.X Corporation is engaged in selling pencils on wholesale basis. It is merely renting a bodega and 90% of its assets consist of its stocks of pencil. "A" a school supply dealer, purchased all the stocks of X Corporation. Is the transaction a sale of substantially all of the assets of the corporation requiring concurrence of stockholders representing 2/3 of the outstanding capital stock?

2.What are the fully or partly nationalized corporations? (Enumerate and state the legal provisions relating to the same.)