Fact Pattern 41-1
Grandview Office Suites, Inc., merges with Hilltop Commercial Properties, Inc. Only Hilltop remains.
-Refer to Fact Pattern 41-1. Grandview held rights in certain real property. After the merger, Hilltop acquires the rights
A) automatically.
B) only after completing certain additional statutory procedures.
C) only Grandview's former shareholders expressly approve.
D) only after a required formal transfer.

Question

Fact Pattern 41-1​
Grandview Office Suites, Inc., merges with Hilltop Commercial Properties, Inc. Only Hilltop remains.
-Refer to Fact Pattern 41-1. Grandview held rights in certain real property. After the merger, Hilltop acquires the rights​
A) ​automatically.
B) ​only after completing certain additional statutory procedures.
C) ​only Grandview's former shareholders expressly approve.
D) ​only after a required formal transfer.

Quizplus · Accepted Answer

In a merger, the surviving corporation automatically acquires the rights and liabilities of the merged corporation.

Fact Pattern 41-1​ Grandview Office Suites, Inc., Merges with Hilltop Commercial Properties, Inc

Fact Pattern 41-1 Grandview Office Suites, Inc., Merges with Hilltop Commercial Properties, Inc