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In a Type A reorganiztion, which of the following statements is incorrect: Shareholder consent of both corporations must be obtained. stock of acquiring corporation must

In a Type A reorganiztion, which of the following statements is incorrect:

Shareholder consent of both corporations must be obtained.

stock of acquiring corporation must comprise at least

80 %

of consideration.

All liabilities of the target must be assumed by acquiring corporation.

Target must disolve or cease its legal existance.

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