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ABC Fasteners Company decides to consolidate its operations with Evergrip Studs, Inc., to form Fit-Rite Bolts & Screws Inc. Evergrip had rights in certain property.
ABC Fasteners Company decides to consolidate its operations with Evergrip Studs, Inc., to form Fit-Rite Bolts & Screws Inc.
Evergrip had rights in certain property. After the consolidation, Fit-Rite acquires the rights
Question 14 options:
automatically.
only after completing certain additional statutory procedures.
only if Evergrip's former shareholders expressly approve.
only if the acquisition is a specified result of the consolidation.
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