Asked by Thais De Charentenay on Jul 28, 2024
Verified
Lipstick Inc. merges with Mascara Inc. Only Mascara remains. The articles of merger
A) amend the articles of Mascara.
B) disappear once the merger is complete.
C) create an entirely new organization.
D) take the place of the articles of Mascara.
Articles of Merger
Legal documents filed with a governmental entity to officially merge two or more corporations, detailing the terms and conditions of the merger.
- Identify the legal differences between entities that continue to exist and those that cease to exist in mergers and consolidations.
Verified Answer
ZK
Zybrea KnightAug 02, 2024
Final Answer :
A
Explanation :
When Lipstick Inc. merges with Mascara Inc. and only Mascara remains, the articles of merger amend the articles of Mascara to reflect any changes due to the merger. This could include changes in the company's structure, operations, or other aspects as a result of the merger.
Learning Objectives
- Identify the legal differences between entities that continue to exist and those that cease to exist in mergers and consolidations.