Chapter 31-Work Set TRUE FALSE QUESTIO ger, two or more corporations join to become a completely new corporation. solidation, one corporation acquires all the assets and liabilities of another corporation, which the 1. In a merger, two or mor 2. In a consolidation ceases to exist. Some states provide a simplified parent corporation. 4. A shareholder's appraisal tates provide a simplified procedure for the merger of a subsidiary corporation into its reholder's appraisal right is available in all states under all circumstances. in the liquidation of a corporation, corporate assets are converted to cash and distributed to creditors and shareholders. hareholders who disapprove of a merger or a consolidation may be entitled to be paid the fair value of their shares. corporation that purchases the assets of another corporation always assumes the selling corporation's liabilities. The dissolution of a corporation can be brought about by an agreement of the shareholders and the board of directors