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Which statement is true regarding the acceptance and confirmation of a reorganization plan? (A)The plan must be voted on by the creditors and the stockholders
Which statement is true regarding the acceptance and confirmation of a reorganization plan? (A)The plan must be voted on by the creditors and the stockholders of the company. (B)Any class of creditors that is not damaged by a reorganization is assumed to have accepted the plan without voting. (C)Even if creditors and stockholders approve of the plan, the court can reject the plan. (D)All of the above. (E)Both a and b.
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