Question
Two corporations merge. Only one survives, Corporation B.A creditor of the non-surviving corporation, Corporation A, sues Corporation B for Corporation A's debt.Does Corporation B legally
Two corporations merge. Only one survives, Corporation B.A creditor of the non-surviving corporation, Corporation A, sues Corporation B for Corporation A's debt.Does Corporation B legally have to pay?
Lady is a shareholder at the Palomino, Inc. This corporation wants to merge with Arabian Horses, Inc. Lady is not happy about the thought that Palominos and Arabian Horses could be interbred at the new merged corporation. However, she is in the minority of shareholders.What rights does she have?Step by Step Solution
There are 3 Steps involved in it
Step: 1
Mergers and Corporation Debts Generally Corporation B is not automatically liable for the debts of Corporation A simply because of the merger Heres a ...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
