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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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