Merger cannot occur between foreign (out-of-state) corporations.

Foreign Corporations

Businesses that are incorporated in one country but are registered to do business in other countries outside of their home jurisdiction.

Merger

A combination of two or more corporations in which only one of the corporations continues to exist.

Absorb the nuances differentiating mergers, consolidations, and asset purchases.
Understand the roles of federal regulations and securities laws in governing corporate mergers and acquisitions.

Verified Answer

Zybrea KnightJul 03, 2024

Final Answer :

False

Explanation :

Merger can occur between foreign (out-of-state) corporations as well as between foreign and domestic corporations, subject to compliance with the legal requirements in the relevant jurisdictions.

Learning Objectives

Absorb the nuances differentiating mergers, consolidations, and asset purchases.
Understand the roles of federal regulations and securities laws in governing corporate mergers and acquisitions.

Merger cannot occur between foreign (out-of-state) corporations.

Definitions

Learning Objectives

Learning Objectives

Related questions